Allbirds’ $39 Million Sale Marks Shift for a Brand Once Valued at $4 Billion
The sustainable sneaker brand once symbolized a new era of conscious consumerism. Now it’s being sold for less than 1% of its peak valuation. It wasn’t that long ago that Allbirds was the shoe on every tech worker’s foot and every venture capitalist’s radar – a feel-good brand that turned merino wool into a $4…