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FRANKFURT, Germany, March 13, 2024 (AFP) – German sportswear giant Adidas reported an annual loss for 2023 on Wednesday, still weighed down by the fallout from the end of its tie-up with controversial rapper Kanye West. The loss of 75 million euros ($82 million) followed a profit of 612 million euros the previous year. Sales fell by five percent to 21.4 billion euros, and were hit particularly hard in the United States due to the […]
Berlin, Germany | AFP | by Sebastien ASH with Huw GRIFFITH in Los Angeles German sportswear giant Adidas said Tuesday it was ending its partnership with Kanye West after a series of anti-Semitic outbursts by the controversial rapper. Recent comments by West — now known formally as Ye — were “unacceptable, hateful and dangerous”, Adidas said in a statement. “After a thorough review, the company has taken the decision to terminate the partnership with […]
