Adidas claims that dropping Kanye West might result in a $1 billion loss in revenue

 


Adidas has issued a warning following the termination of its contract with rapper and fashion designer Kanye West as a result of some anti-Semitic remarks he made in October 2022, claiming that the decision will have a significant negative impact on its bottom line given that the company has been having trouble offloading its remaining supply of Yeezy sneakers.

According to a Wall Street Journal story posted on Thursday, 9 February, the German company disclosed that the severe negative impact of holding onto the current stock from the once lucrative Yeezy collaboration will result in revenues...


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