German multinational sportswear giant Adidas faces a potential revenue loss of €1.2 billion ($1.3 billion) in 2023 if it is unable to sell its existing Yeezy stock following the termination of its partnership with rap mogul, Kanye West and the Yeezy brand in October 2022. As the company continues to evaluate future options for utilizing…
The sportswear giant cut ties with the rapper and designer, known as Ye, over anti-Semitic comments. Source link
Adidas has warned that it could take a revenue hit of €1.2bn (£1bn) and slump to a loss this year if it decides not to sell its remaining stock of products made in collaboration with Kanye West, after it cut ties with the rapper over his antisemitic comments. The German sportswear giant said its decision…
Take a look back at all the celebrity couples who got married in 2023 — or whose weddings came to light this year. Source link
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 01, 2023 in New York City. Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Stumbling toward the weekend Stocks are on track for a…
The sportswear company had created Yeezy through a partnership with rapper and businessman Ye, formerly known as Kanye West, that was terminated last year following controversial and offensive stances. Source link
Months after adidas severed its relationship with Kanye “Ye” West following Ye’s string of anti-Semitic outbursts, YEEZY SUPPLY has died. Resale in peace. The YEEZY SUPPLY website’s URL no longer directs users to a functioning domain, presenting would-be visitors with an error message instead. When you try to pull up Google’s cached version of the…
Employees at Twitter describe what the company’s culture has become since Musk’s takeover, and it’s not pretty. Source link
Adidas has had its fair share of issues with Kanye West, but now, their abundance of Yeezys is definitely a big issue. Source link
Adidas’ split from rapper Ye, formerly known as Kanye West, could cost the company some big bucks. The German sportswear company said Thursday it could lose around $1.3 billion in revenue in 2023 if it’s unable to sell its existing Yeezy inventory, while operating profit would fall by about $535 million. Adidas cut ties with Ye last October because…