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Tags: Wests

Adidas Faces Potential Loss of $1.3bn Due To Unsold Kanye West’s Yeezy stock

runforestrun68 February 12, 2023 0 Comment 13bn, adidas, Due, Faces, Kanye, Loss, Potential, Stock, unsold, Wests, Yeezy

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…

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

runforestrun68 February 11, 2023 0 Comment 12bn, adidas, Hit, Kanye, revenue, Stock, West, Wests, writes, Yeezy

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…

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