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After cutting ties with Kanye, Adidas reports first loss in 30 years
March 14th, 2024 - 11:56 GMT

After cutting ties with Kanye, Adidas reports first loss in 30 years

ALBAWABA - After severing relations with Kanye West in October 2022 and halting sales of the immensely popular Yeezy shoe brand, according to Reuters, Adidas has been struggling to make rectifications, reporting the company's first yearly loss in over 30 years on Wednesday and announcing that North American sales will decline yet further due to excess inventory. The German sportswear firm reported a $63 million net loss in its core ...
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