Allbirds to be acquired by American Exchange for $39 million
American Exchange Group has agreed to acquire all of the assets and intellectual property of Allbirds for an estimated $39 million.
The sustainable footwear brand said the deal was unanimously approved by its board of directors but is subject to shareholder approval.
Subscribe to TRBThe transaction is expected to close in the second quarter of 2026.
Joe Vernachio, chief executive of Allbirds, said: “We are incredibly thankful to our teams for the work they have been doing to fuel our product engine, build awareness of Allbirds and deliver an engaging customer experience.
“Over the past decade, Allbirds has evolved into a lifestyle footwear brand known for modern design, innovative materials and unparalleled comfort.
“This next chapter with AXNY builds on the foundational work already completed and sets up the brand to thrive in the years ahead.”
