Tags: revenue

Adidas could take €1.2bn revenue hit if it writes off Kanye West’s Yeezy stock | Kanye West

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…