Who did Erza Miller date? Actor's complicated love life unveiled before release of their film 'The Flash'
As 'The Flash' gets closer to its release date, there is a renewed interest in the troubled actor's dating life
2023-06-13 15:27
Ukraine war: Deadly new Russian attack reported on Izmail port area
A Russian attack on port facilities in the Izmail area killed one person, the local governor says.
2023-09-06 12:25
Adidas is still figuring out what to do with $1.3 billion worth of unsold Yeezys
Nearly seven months on from Adidas parting ways with rapper Kanye West, and the sportswear brand reportedly still has $1.3 billion of unsold Yeezy stock in its warehouses. The decision from Adidas to split from West - otherwise known as Ye - came back in October last year came after the 45-year-old made antisemitic remarks both in interviews and online. But now, Adidas has to decide what to do with the remaining stock of the popular shoe as the company attempts to turn its fortune around after it abruptly ended its partnership with West and his Yeezy brand, with 400 million euros ($441 million) in lost sales at the start of the year. Sign up to our free Indy100 weekly newsletter Though Adidas is "getting closer and closer to making a decision" on what to do with the sneakers and the “options are narrowing,” new CEO Bjorn Gulden said, as per Associated Press. He became in charge back in January this year, three months after Adidas terminated it's partnership with Ye. However, a decision has not yet been reached due to "so many interested parties," he added. Gulden did not confirm whether the option to destroy the shoes had been ruled out but noted that this is something it is the company is "trying to avoid." Meanwhile other options have their own downsides, since selling the shoes would mean Ye would need to be paid royalties, removing brand identification would be dishonest. Giving the shoes away for free sounds like a nice idea in theory but this could cause them to be resold at a higher market price. Gulden is also remaining tight-lipped on the exact quantity of stock that is left since he believes if consumer are aware of this number it "could have an impact on demand," as per AP. The CEO admitted losing Yeezy is "of course hurting us" and if Adidas decides not to sell the remaining shoes, it could reduce earnings by 500 million euros this year. Net sales declined 1 per cent in the first quarter, to 5.27 billion euros, and would have risen per cent with the Yeezy line, the company said. As a whole, Gulden described 2023 as a "a year of transition" with "a better ’24 and a good ’25" as the German sportswear business continues without the Yeezy brand. Elsewhere, Adidas found itself being sued by investors last week who allege the company knew about Ye’s offensive remarks and harmful behaviour years before the termination and failed to take precautionary measures to limit financial losses. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-05-10 02:19
Penalty shootout at Europa League final with Roma, 6-time champ Sevilla tied at 1-1 after extra time
The Europa League final between six-time champion Sevilla and José Mourinho’s Roma has ended with the score at 1-1 after extra time and the winner will be determined in a penalty shootout
2023-06-01 05:57
Who is Paul Felder? Commentator replaces Joe Rogan for UFC 294, Internet says he’s ‘a natural’
Paul Felder and Joe Rogan have previously collaborated on the latter's podcast
2023-10-18 17:54
California sues oil giants, alleging climate-risks deception
The US state of California sued five of the world's largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from...
2023-09-17 05:24
Jill Biden says White House decor designed for visitors to see the holidays through a child's eyes
“Magic, wonder and joy” is the holiday theme at the White House
2023-11-27 18:23
Australia’s Housing Crunch Lures More Private Credit Lenders
Private credit funds, backed by some major global investors, are venturing where Australian banks increasingly fear to tread:
2023-11-10 11:47
Microsoft Teams Faces EU Antitrust Probe in Salesforce Clash
Microsoft Corp. faces a European Union probe over concerns it’s driving out competition by unfairly bundling its Teams
2023-07-27 19:29
A 'Pearl Harbor' moment: Why didn't Israel's sophisticated border security stop Saturday's attack?
The gunmen came from air, sea and land. They shot at civilians, took hostages and forced families to barricade themselves indoors, fearing for their lives.
2023-10-08 03:47
Novak Djokovic takes his tennis racket onto the 1st tee of golf's Ryder Cup All-Star match
Novak Djokovic walked out onto the first tee for the Ryder Cup All-Star match with a tennis racket in his hand and pretended to take a swing at his golf ball
2023-09-27 23:16
Where is Dylan Mortensen now? Idaho murder victims' roommate has reportedly switched schools after massacre
Dylan Mortensen, who survived the massacre at the University of Idaho, apparently felt 'survivor's guilt' and changed schools
2023-11-12 21:17
You Might Like...
Germany’s Olaf Scholz pictured in pirate-style eye patch after jogging accident
Who is Keith Doerman? Father of Chad Doerman slams 'wrong' story that he once strangled dad
Biden plans to make abortion rights a key part of his reelection fight, campaign manager says
Poland votes in 'most important' election since communism
IMF deposits much-awaited $1.2 billion with Pakistan's central bank under bailout, minister says
Scientists have come up with a new meaning of life – and it's pretty mind-blowing
After years of erasure, Black queer leaders rise to prominence in Congress and activism
US Justice Department to investigate PGA Tour-LIV Golf pact - WSJ
