Tags: shoes

Adidas says dropping Ye’s Yeezy shoes could cost it over $1 billion

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…