Fresh funding for Allbirds
12/10/2018
The company intends to use this fresh funding to increase its presence in the US, as well as to expand overseas. It had already announced plans to open its first UK store in the Covent Garden area of London in November. This will be its third location, adding to those in New York City and San Francisco. In 2019, its focus will be on expanding to Asia.
“There’s an opportunity for us to take a leadership role in an industry that has paid lip service to the idea of sustainability,” said Tim Brown, Allbirds’ co-founder and co-CEO. “We are incredibly fortunate to be able to take advantage of this moment and challenge footwear norms, creating products that are not only better for our customers, but also better for the planet.”
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