China’s biggest state banks are offering local government financing vehicles loans with ultra-long maturities and temporary interest relief

Thousands of Israeli academics and artists have urged U.S. President Joe Biden and United Nations Secretary-General António Guterres to shun Israeli Prime Minister Benjamin Netanyahu during his scheduled visit to the U.S. next week

By Jack Queen ATLANTA Lawyers for Donald Trump’s onetime chief of staff Mark Meadows are set to argue

A tentative agreement was reached in New York Thursday to avert a strike that threatened to shut most Broadway shows, as Hollywood remains on...

Senate Majority Leader Chuck Schumer is leading a bipartisan congressional delegation to China next week, traveling to the country amid heightened tensions and after several members of President Joe Biden’s Cabinet visited

Taylor Swift and Travis Kelce who sparked dating rumors exited the Chiefs game together

The historic downtown of Savannah, Georgia, boasts nearly two dozen public squares

According to police, the incident took place at around 2 am when the Dragonfly Club was full of customers

German prosecutors say a 98-year-old man has been charged with being an accessory to murder as a guard at the Nazis’ Sachsenhausen concentration camp between 1943 and 1945

New laws targeting LGBTQ+ people are proliferating in GOP-led states, but the conversations often lack a clear understanding of how many people will be directly affected

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.

Rachelle Lefevre claimed the retail chain was sending out a wrong message about the LGBTQIA+ community and accused it of 'performative allyship'