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Fast Company1 min read

What happened to Allbirds?

AllBirds Inc. was valued at $4 billion less than five years ago. Now, it will be sold for just $39 million. The shoe company on Monday announced a definitive agreement with American Exchange Group (AXNY), which involves selling all of its intellectual property, assets, and liabilities. Privately held AXNY owns a number of brands, including Aerosoles, Ed Hardy, and Jonathan Adler. “We are incredibly thankful to our teams for the work they have been doing to fuel our product engine, build awarenes
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