New York. American Exchange Group and WSG Brands completed acquisition of Allbirds' intellectual property assets in mid‑June 2026, finalizing a deal AEG first announced in March. AEG will manage design and manufacturing while WSG takes brand-management and licensing responsibilities, forming a co-ownership structure that follows Allbirds' March definitive agreement and its 2024 reverse stock split. The transaction, announced Tuesday, transfers control of product development, retail strategies and licensing to the new owners, who said they plan to expand product categories and international distribution. CNHI and industry outlets reported the consortium includes strategic investors and manufacturing partners; the companies expect operational integration and potential price adjustments as they wind down Allbirds' prior public-company arrangements.
Prepared by Christopher Adams and reviewed by editorial team.
American Exchange Group, WSG Brands and associated strategic investors and manufacturing partners benefit from control of the Allbirds IP, new licensing opportunities, and potential expanded retail and international distribution.
Public shareholders of Allbirds, Inc. and some previous equity investors suffered losses as the IP assets were sold for roughly $39 million, a fraction of prior market valuations.
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AEG and WSG Complete Acquisition of Allbirds IP
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