The chief of the German sportswear giant said that unpredictability surrounding the tariffs prevented the company from issuing a full-year forecast, but he predicted a price increase for American consumers.
Category: Gulden, Bjorn
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Adidas Has Sold Its Last Yeezy Sneaker
The sportswear maker was eager to put the scandal with the rapper Ye behind it, but its cautious earnings forecast showed the breakup’s effects still lingered.
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Adidas Sheds Yeezy Shoes, Bringing in 400 Million Euros
The German sportswear company said it would donate €110 million of the proceeds to groups fighting antisemitism and racism.
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Adidas Starts Unloading Its Yeezy Gear, to Benefit Anti-Hate Groups
The sportswear company, which cut ties with Kanye West over his antisemitic remarks, will donate proceeds from its $1.3 billion inventory of Yeezy-brand sneakers and other goods.
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Why Did Silicon Valley Bank Collapse?
The New York Times – Business:DealBook unpacks what caused the biggest U.S. bank failure since the 2008 financial crisis — and what might come next.
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Adidas Wants to Move On but Still Has $1.3 Billion in Yeezy Sneakers
The New York Times – Business:After severing business ties with the rapper Ye, Adidas said it would cut its dividend and declared 2023 a “transition year.”