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Adidas earnings down after breakup with Kanye | Borneo Bulletin Online

FRANKFURT, GERMANY (AP) – Adidas’ breakup with the rapper formerly known as Kanye West and the inability to sell his popular Yeezy line of shoes helped batter earnings at the end of last year, leading to a net loss of EUR513 million. The fourth-quarter loss, also attributed to higher supply costs and slumping revenue in […]

Arthur hoeldBrian grevyBjorn guldenKanye westRoland auschelBjoern guldenExecutive officer bjorn guldenMiddle eastErmany ap 8211 adidas 8217 breakup rapper formerly known as kanye west inability sell popular yeezy line shoes helped batter earnings end yearEading net loss eur513 million fourth quarterLso attributed higher supply costs slumping revenue hellip

Adidas earnings take beating on breakup with Ye, China slump

Adidas earnings take beating on breakup with Ye, China slump
mymotherlode.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mymotherlode.com Daily Mail and Mail on Sunday newspapers.

Arthur hoeldBrian grevyBjorn guldenKanye westRoland auschelMiddle east

Adidas reports a $540M loss as it struggles with unsold Yeezy products

Adidas reports a $540M loss as it struggles with unsold Yeezy products
wwno.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wwno.org Daily Mail and Mail on Sunday newspapers.

Arthur hoeldBrian grevyBjorn guldenKanye westRoland auschelMiddle east

Adidas figuring out what to do with all their Yeezy shoes after split with Ye

The company's CEO said Wednesday that selling the popular line of shoes would mean paying royalties to Ye. He says destroying them could raise "sustainability issues,” while restitching them for resale “is not very honest.”

Arthur hoeldBrian grevyBjorn guldenKanye westRoland auschelMiddle east

Adidas earnings take beating on breakup with Ye, China slump

Adidas' breakup with the rapper formerly known as Kanye West and the inability to sell his popular Yeezy line of shoes helped batter earnings at the end of last year, leading to a net loss of 513 million euros ($540 million). The fourth-quarter loss, also attributed to higher supply costs and slumping revenue in China, contrasts with a profit of 213 million euros in the same period a year ago, the German shoe and sportswear maker said Wednesday. The company is predicting a 2023 operating loss of 700 million euros.

Arthur hoeldBrian grevyBjorn guldenKanye westRoland auschelAssociated pressMiddle east

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