Company type | Public company |
---|---|
Nasdaq: BIRD (Class A) | |
Industry | Footwear |
Founded | 2016 |
Founders |
|
Headquarters | San Francisco, California, US |
Number of locations | 60 (2023) |
Key people | |
Revenue | US$254 million (2023) |
US$−118 million (2023) | |
US$−153 million (2023) | |
Total assets | US$312 million (2023) |
Total equity | US$185 million (2023) |
Number of employees | 927 (2023) |
Website | allbirds |
Footnotes / references [1] |
Allbirds, Inc. is a New Zealand and American public benefit company that sells footwear and apparel, co-founded in 2014 by Tim Brown and Joey Zwillinger. The company is headquartered in San Francisco, California. Its business model has historically relied on direct-to-consumer commerce, though it has some brick and mortar commerce.
Allbirds was founded as part of a suite of corporations funded via Kickstarter such as Warby Parker, and has based its corporate identity heavily on its sustainability. Since the 2020s, the company has faced criticism by legal scholars for "greenwashing" after a case regarding their reporting of carbon offsets was dismissed. Allbirds went public on November 3, 2021, but began to suffer from poor sales soon after, leading to a reworking of the company's C-suite from 2022 to 2024. On April 8, 2024, the company received a non-compliance notice from the Nasdaq for performing below $1 for over 30 days straight.
In the cultural sphere, the company's shoes are best known for their minimalist designs; association with environmental, social, and governance principles; and Silicon Valley. During the mid-to-late 2010s, the company became a fad among tech workers in major American cities and was worn by individuals such as Barack Obama and Leonardo DiCaprio.