Franklin Templeton Is in Talks to Back Sneaker Unicorn Allbirds
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Franklin Templeton is in talks to invest in shoemaker Allbirds Inc. at a premium to its $1.4 billion valuation in 2018, according to people with knowledge of the matter.
Founded by Joey Zwillinger and Tim Brown, the San Francisco-based company posted around $190 million in net revenue last year, said one of the people, who asked not to be identified because the talks are private. The talks are ongoing and funding terms might still change.