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Allbirds redoubles on restructuring to stem losses

14/03/2024
Allbirds redoubles on restructuring to stem losses

US footwear brand Allbirds has reported deepening losses as its revenues fell 14.7% in 2023 to $254.1 million. The company also announced a change in leadership with chief operating officer Joe Vernachio taking over as CEO. Co-founder Joey Zwillinger will step down but will remain on the board as an adviser. The company had a stellar ascent in...

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