Allbirds to sell assets to American Exchange Group for $39m

A committee of autarkic directors reviewed the deal, which past received unanimous support from the Allbirds Board of Directors.

The statement remains taxable to support by Allbirds’ communal stockholders, with completion anticipated successful the 2nd 4th of 2026.

Allbirds expects to record a proxy connection detailing the presumption and seeking shareholder support for some the plus merchantability and consequent institution dissolution by 24 April 2026.

The institution expects to administer nett proceeds to shareholders, aft accounting for wind-down costs, during the 3rd 4th of 2026.

Allbirds CEO Joe Vernachio said: “We are incredibly thankful to our teams for the enactment they person been doing to substance our merchandise engine, physique consciousness of Allbirds and present an engaging lawsuit experience. Over the past decade, Allbirds has evolved into a manner footwear marque known for modern design, innovative materials and unparalleled comfort. This adjacent section with AXNY builds connected the foundational enactment already completed and sets up the marque to thrive successful the years ahead.”

This improvement follows earlier measures announced successful January aimed astatine restructuring the concern towards a simpler and much profitable operating exemplary focused connected manner footwear.

Allbirds planned to adjacent its remaining full-price stores successful the US by the extremity of February 2026, with the volition to displacement attraction towards its e-commerce operations, wholesale relationships, and planetary distributor partnerships.

As of September 2025, Allbirds operated 23 stores, including 21 successful the US and 2 internationally.

In its fiscal results for the 3rd 4th of fiscal 2025, the institution recorded a nett nonaccomplishment of $20.3m, which translates to a nonaccomplishment of $2.49 per share.

Allbirds’ nett gross besides declined by 23.3% from the erstwhile twelvemonth to $33m, mostly owed to changes specified arsenic transitioning planetary markets to distributors and planned retail store closures.

The institution outlined plans during its third-quarter update to determination towards a distributor exemplary overseas and adjacent much retail locations domestically.

TD Cowen is advising Allbirds connected fiscal matters, and Holland & Hart is acting arsenic the company’s ineligible counsel for the transaction with AXNY.

"Allbirds to merchantability assets to American Exchange Group for $39m" was primitively created and published by Just Style, a GlobalData owned brand.

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