Allbirds

Allbirds, Inc.
Company typePublic company
NasdaqBIRD (Class A)
IndustryFootwear
Founded2016; 9 years ago (2016)
Founders
HeadquartersSan Francisco, California, US
Number of locations
60 (2023)
Key people
  • Joe Vernachio (CEO)
  • Ann Mitchell (CFO)
RevenueIncrease US$254 million (2023)
Decrease US$−118 million (2023)
Decrease US$−153 million (2023)
Total assetsDecrease US$312 million (2023)
Total equityDecrease US$185 million (2023)
Number of employees
927 (2023)
Websiteallbirds.com
Footnotes / references
[1]

Allbirds is an American public benefit company originating in New Zealand that sells footwear and apparel, co-founded in 2014 by Tim Brown and Joey Zwillinger. The company is headquartered in San Francisco, and is known for their minimalist designs, association with environmental, social, and governance principles, and Silicon Valley. Its business model has relied on direct-to-consumer commerce, although it also has brick and mortar commerce.

Allbirds was founded through an initial fundraising of US$119,000 on Kickstarter and has based its corporate identity on sustainability. Since the 2020s, the company has been criticized by legal scholars for greenwashing after a case about their reporting of carbon offsets was dismissed. Allbirds went public on November 3, 2021, but experienced poor sales soon afterwards; executive turnover followed the company through the end of 2024. On April 8, 2024, the company received a non-compliance notice from Nasdaq for performing below $1 for over 30 consecutive days.

During the mid-to-late 2010s, they became a fad among tech workers in major American cities and were worn by Barack Obama and Leonardo DiCaprio.

  1. ^ "Allbirds, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. June 6, 2024.

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