Latest Allbirds News & Updates

See the latest news and media coverage for Allbirds. We track all announcements, press releases, and industry mentions in real time, all in one place.

Allbirds

Footwear and apparel brand using natural materials

allbirds.com

Headquarters: San Francisco, United States
Founded year: 2016
Company type: Public company
Number of employees: 400–500
Industry: Apparel & Accessories Retailers

Last updated Today

Latest news about Allbirds

In short: Allbirds underwent a radical transformation, selling its footwear assets for $39 million and pivoting into an AI infrastructure company.

Company announcements

June 15 Allbirds

Allbirds announces record date for asset sale dividend

The board set June 25, 2026 as record date for special dividend from asset sale proceeds.

April 15 Allbirds

Allbirds secures $50M financing and pivots to AI compute

The company plans to sell its footwear brand and become GPU-as-a-Service provider NewBird AI.

March 30 Allbirds

Allbirds signs definitive asset purchase agreement with American Exchange Group

Under the deal, AXNY will acquire all IP and certain assets for $39M, subject to stockholder approval and closing expected Q2 2026.

January 28 Allbirds

Allbirds closes remaining U.S. full-price stores

Resources will be reallocated to e-commerce, wholesale, and international distributorships; the capital-light closures aim to reduce SG&A and will be discussed on the Q4/2025 earnings call in March 2026.

Media coverage

August 11 The Globe and Mail

Allbirds Declares Special Dividend From Footwear Business Sale

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August 4 Yahoo Finance

Allbirds’ New IP Owner Reveals First Details About the Brand’s Future in Footwear — Not AI

In his first major interview since acquiring the Allbirds intellectual property, American Exchange...

July 15 MSN

Why this once-trendy DTC sneaker pioneer is pivoting to women's vitamins

After Joey Zwillinger stepped down as CEO of Allbirds in March 2024, he took three months off—mainly because his wife Liz said she'd divorce him...

June 25 Yahoo Finance

Allbirds officially changes name, appoints new CEO

Smartbird is now an artificial intelligence infrastructure provider and Nadia Carlsten will replace Joe Vernachio as its chief executive.

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