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Adidas warns of $250 million earnings hit after ending its partnership with Kanye West amid his anti-Semitic rants - but company will still sell his shoe designs WITHOUT Yeezy branding.
Adidas warns of $250 million earnings hit after ending its partnership with Kanye West amid his anti-Semitic rants - but company will still sell his shoe designs WITHOUT Yeezy branding.
It looks like Adidas is going to take a huge loss after terminating deal with Kanye West.
Adidas on Wednesday lowered its earnings forecast for the year to account for losses from ending its partnership with the rapper formerly known as Kanye West over his anti-Semitic remarks.
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Adidas warns of $250 million earnings hit after ending its partnership with Kanye West amid his anti-Semitic rants - but company will still sell his shoe designs WITHOUT Yeezy branding.