“Burning is not the solution,” Bjorn Gulden said at the company’s annual shareholder meeting
Adidas
Company ended partnership with Ye, formerly known as Kanye West, last year
The Iseq was up by slightly more than 0.1% in a volume-light session in Dublin
German sports shoe maker says Q4 sales were down 1% after €600m loss on Yeezy brand break-up
While the German company sits on €1.2bn worth of unsold stock after Ye’s fall from grace, another footwear brand is walking on air
Iseq Overall Index falls, led by banks and builders
Company facing a €700 million operating loss this year
Iseq index finishes Thursday’s session down 2.5% but markets in mainland Europe fare worse
Meta shares gain on Zuckerberg’s plan to shed 11,000 jobs globally
Ye, the hip-hop and fashion colossus, was until recently living proof that, if you’re famous and rich enough, ‘cancel culture’ does not apply
Sportswear giant grappling with higher freight costs and inflated inventories
Planet Business: A Walmart ‘train wreck’ leads a spate of profit warnings
Retailer off to a strong start in 2022 as it focuses on improving inventory and vendor relationships
Item from Adidas collaboration is meant only for ‘sun protection or decorative use’
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