Adidas CEO Bjørn Gulden addressed Kanye West’s infamous deluge of antisemitic comments and dubious claims about George Floyd’s murder in a new interview, saying: “I don’t think he meant what he said.” Gulden made the comments during an interview on the In Good Company podcast last week. He did condemn …
Read More »Adidas Sells First Batch of Leftover Yeezys for $437 Million
Adidas raked in roughly $437 million from the first sale of leftover Yeezy brand stock, with a portion of those profits benefitting charities like theAnti-Defamation Leagueand a non-profit founded byGeorge Floyd’s brother. With another batch of Kanye West’s namesake sneakers hitting the market Wednesday, the shoe company announced the yield …
Read More »Adidas Is Selling Yeezys Again, With Money Going to Charitable Organizations
Some of Adidas‘ $1.2 billion worth of Kanye West’s Yeezy shoes are back on the market again after the company previously announced that proceeds from any sales would benefit charities like the Anti-Defamation League and a non-profit founded by George Floyd’s brother. According to The Associated Press, the first batch …
Read More »Adidas Will Sell Some Yeezys and Donate Money to Charity — But Kanye West Will Likely Get a Cut
Adidas has finally decided what to do with its $1.3 billion worth of unsold Yeezy sneakers: Sell some of it and donate the proceeds to charity. Adidas CEO Bjorn Gulden announced the plan at the company’s annual shareholders meeting, according to The Associated Press. Gulden said the company had spoken …
Read More »Adidas Still Hasn't Figured Out What to Do With All Those Yeezy Shoes
Adidas still hasn’t figured out what it’s going to do with the $1.3 billion of unsold Yeezy stock it yanked after terminating its partnership with Kanye West over his string of antisemitic rants last year. As The Associated Press reports, new Adidas CEO Bjorn Gulden addressed the issue in a …
Read More »Kanye West Fallout Sparks Class Action Lawsuit Against Adidas
Adidas shareholders have filed a class action lawsuit alleging that the clothing company failed to minimize the fallout over their since-terminated partnership with Kanye West, which resulted in a sharp decline in Adidas’ stock. The lawsuit, filed in an Oregon district court Friday and obtained by Rolling Stone, claims that …
Read More »From the Grammys to the Hiking Trails: Beyoncé Drops New Ivy Park Capsule Off the Heels of Awards Wins
If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Stepping off the red carpet and into the great outdoors, Queen Bey wants you to hit the trails with the latest capsule drop of her IVY PARK x …
Read More »Harry Styles Performed at the Grammys in Adidas Sneakers
If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Harry Styles is no stranger to turning heads in his custom Gucci looks on tour, but it’s his fancy footwear game that’s garnering some new attention these days. …
Read More »Adidas Launches Probe Into Claims That Kanye West Showed Employees Porn
Adidas will launch a probe into allegations that Kanye West played pornography to employees, according to the company. The investigation into the rapper, which was first reported by the Financial Times, comes two days after a scathing article from Rolling Stone found that the problematic mogul showed pornography to prospective …
Read More »Adidas Finally Drops Kanye West
Adidas announced on Tuesday that it is ending the often stormy relationship it has had with Kanye West since 2016. The company had come under enormous pressure over the past weeks to respond to West’songoing erratic behaviorsand dangerous, antisemitic comments. “Adidas does not tolerate antisemitism and any other sort of …
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