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19 Sep 2024 16:32
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      Home > News > Business

    Another financial blow for eco-friendly shoe company, Allbirds

    Another financial blow for eco-friendly shoe company, Allbirds


    It's made a net loss of 19.1 million US dollars in the June quarter, a reduction from a 28.9 million loss in the same quarter last year.

    The Nasdaq has served the Kiwi-American firm a non-compliance warning- giving it until September 30 to bring its shares trading above one dollar.

    Former North Face global operations vice-president, Joe Vernachio , was made chief executive in March.

    Former All Whites captain, Tim Brown, and biotech entrepreneur, Joey Zwillinger remain directors.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     19 Sep: The Commerce Commission is filing criminal charges against the Warehouse for selling a toy it says presents a safety risk to children
     19 Sep: The economy has weakened in the second quarter of the year
     19 Sep: The US economy is expecting a nervy 24 hours as it reacts to cuts from the Federal Reserve
     19 Sep: A positive outlook for Synlait's future
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