Heather du Plessis-Allan DriveGreg Smith: Devon Funds Head of Retail on Allbirds posting a multi-million dollar net loss
There's bad news for a former darling of the footwear world.
Kiwi shoe company Allbirds, co-founded by former All White Tim Brown, has posted a net loss of $19 million for the second quarter of 2024.
Greg Smith from Devon Funds says the company runs the risk of being de-listed from the Nasdaq.
"The valuation of the company was over $4 billion, the year before, they'd made over $200 million in sales. Fast forward four years, they're still at $200 million - the cool factor dissipated."
LISTEN ABOVE
In 1 playlist(s)
Heather du Plessis-Allan Drive
With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the…Social links
Follow podcast
Recent clips
Enda Brady: UK correspondent on the launch of robotaxis in London
04:48
Sam Dickie: Fisher Funds expert on the concerns raised over growing Government debts
03:36
Hamish McKay: The Country spokesperson on the recent outbreak of Madagascar ragwort
02:48