kanyewest
Sports apparel giant Adidas has reported its first annual net loss in three decades, due to high levels of US inventories and lower demand impacting sales. The company saw a net loss from continuing operations of €58 million for the full year 2023. The company also reported that North American sales dropped 21% in the last quarter of 2023 and 16% throughout the year. The company has taken a significant hit due to stopping sales of the much in demand Yeezy sneaker line, although it later resumed sales to clear remaining Yeezy stock. CEO Bjorn Gulden said in a press statement by the company: "Al...
Euronews (English)
Adidas said that it has donated or is planning to give away more than €140 million to groups fighting antisemitism and other forms of hate from the sales of Yeezy shoes last year after it severed ties with Kanye “Ye” West. The German sportswear brand had €1.2 billion ($1.3 billion) worth of popular Yeezy sneakers piled up in warehouses after it broke off its partnership with Ye in October 2022 over his antisemitic and other offensive comments on social media and in interviews. Adidas decided to sell some of the remaining shoes in batches, with two releases last year and another that launched l...
Euronews (English)
North West, the eldest daughter of Kanye “Ye” West and Kim Kardashian’s four children, has announced a debut album titled ‘Elementary School Dropout’. The title is a clear reference to Ye’s 2004 debut album ‘The College Dropout’, which at the time heralded the rapper as one of the most exciting new voices in hip-hop. A lot has changed since then... The 10-year-old appeared at her father’s listening party for the upcoming release of his album ‘Vultures 2’ in Arizona on Sunday (10 March). She took to the stage alongside her father to announce that she has been working on her first music project....
Euronews (English)
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