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Allbirds Sells Assets for $39 Million Amid Declining Sales

4/2/2026

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Summary

Story summary

Allbirds, once valued at $4 billion, is selling its assets to American Exchange Group for $39 million.
The deal requires shareholder approval and is expected to close in the second quarter of 2026.
Allbirds faced declining sales and store closures, with a Q3 2025 loss of $20.3 million.
Allbirds CEO Joe Vernachio said the sale aims to position the brand for future growth.
The company plans to dissolve after the deal.

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Story summary

Allbirds, once valued at $4 billion, is selling its assets to American Exchange Group for $39 million.
The deal requires shareholder approval and is expected to close in the second quarter of 2026.
Allbirds faced declining sales and store closures, with a Q3 2025 loss of $20.3 million.
Allbirds CEO Joe Vernachio said the sale aims to position the brand for future growth.
The company plans to dissolve after the deal.