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PETA Sets Anti-Wool Sights on Newly Public Allbirds

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Allbirds began trading on the Nasdaq on Wednesday after raising nearly $303 million, with a valuation that jumped as high as $3.3 billion after shares opened 41 percent above their offering price. But with People for the Ethical Treatment of Animals (PETA) quickly snapping up shares, Allbirds could soon have an activist battle on its…

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