Pessimistic
Last updated: 2026-04-02 06:33:38 ET
Despite once being valued at $4 billion, the company that made sneakers from Merino wool struggled to capture a wide customer base and turn a profit.
Despite once being valued at $4 billion, the company that made sneakers from Merino wool struggled to capture a wide customer base and turn a profit.
Hundreds of used sneakers arrive each week at a workshop east of Paris, where workers inspect them for resale, redistribution or rejection
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