Adidas prepares for first loss in three decades after Kanye West departure
Adidas is preparing for its first year of operating loss due to the departure of Kanye West. The is revenue expected to decline by $1.27 billion. Harm Ohlmeyer acknowledged that West’s departure had a significant impact. Due to mountains of Yeezy stock of Kanye West worth $527 million that has not yet been sold, Adidas … Read more