Adidas may lose over $700 million in operating profits in 2023 if it doesn't sell off excess Yeezys. Currency-neutral sales would also decline in the "high-single digits," the company said, Thursday.
Adidas has been under severe financial stress since parting ways with Kanye West. According to the company’s CEO Bjorn Gulden, the athletic brand is projected to lose nearly 1.3 billion dollars in ...
Adidas' split with controversial rapper Kanye West continues to cause outsized financial struggles for the company, as it reported a fourth-quarter operating loss of $763 million and continues to ...
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