Adidas reports first loss in 30 years on Kanye fallout

Adidas reports first loss in 30 years on Kanye fallout

Adidas reported its first loss in over three decades Wednesday due to the fallout from the end of its collaboration with Kanye West, but the company insisted it was starting to turn its fortunes around.
Adidas 2022 income drops, more pain ahead after end of Kanye tie-up

Adidas 2022 income drops, more pain ahead after end of Kanye tie-up

Adidas's net income fell heavily in 2022, according to preliminary results released on Thursday, with the German sportswear giant predicting major operating losses this year after ending a tie-up with Kanye West.
Adidas probing allegations about Kanye West's behaviour

Adidas probing allegations about Kanye West's behaviour

Adidas said Thursday it was investigating claims against Kanye West after a report detailed alleged inappropriate behaviour, just weeks after the German sportswear giant ended its partnership with the rapper.