Sneaker maker Allbirds Inc. fetched a valuation of $3.3 billion in its Nasdaq debut on Wednesday after its shares opened 41 percent above their offer price, joining a clutch of retailers that had strong market debuts in recent months. Allbirds uses wool and other plant-based alternatives in its products. “We believe that there’s an opportunity…
Sneaker Maker Allbirds Valued Over $3 Billion in Strong Nasdaq Debut
Foot Locker Is Buying Sneaker Retailer Atmos, Which Recently Merged With Philly Sneaker Boutique Ubiq
By Damichael Cole From The Philadelphia Inquirer Foot Locker announced Monday in a press release that it is buying two major sneaker store chains for a total of $1.1 billion. The stores are Japanese streetwear brand Atmos and California athletic retailer WSS. Just last November, Atmos merged with popular Philly sneaker boutique, Ubiq. Originally opened…
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