A major Adidas shareholder, Union Investment, is set to call for transparency over the company’s relationship with Kanye West at the annual meeting on Thursday. Janne Werning, the head of Environmental, Social and Governance (ESG) at Union Investment, is expected to ask Adidas to reveal the findings of its investigation into West’s behaviour after he…
Adidas is being sued by investors who claim the firm knew about Kanye West’s problematic behaviour years before it ended their partnership. Investors allege Adidas failed to limit financial losses and take precautionary measures to minimise their exposure. The sportswear giant ended its collaboration with the designer and rapper, who is known as Ye, last…
No one at Donda Academy was allowed to wear Adidas or Nike, two former staff members of the school alleged in a new lawsuit. Teachers and students were “required to wear all black from head to toe,” the former staffers allege, adding that the black clothing must have been issued or designed by Ye, the…
Adidas has warned that it could suffer its first annual operating loss in more than three decades this year, mostly because it may have to write off the entire range of Yeezy-branded clothing and sneakers. The German sportswear maker said Wednesday that it would face an operating loss of €700 million ($736 million) this year—…
Shortly after NFL star Michael Vick was indicted in July 2007 for running a dog fighting operation, Nike suspended the release of his signature shoe line. Vick went on to plead guilty and have his contract suspended, but less clear is what exactly happened to all those sneakers. Nike would not say, but industry analyst…
Kanye West and his new wife Bianca Censori were spotted on a rare outing as they swung by a gas station in Los Angeles on Tuesday, February 21. As reported on Daily Mail, the couple – who tied the knot during a ‘private ceremony’ in January – drove up in the rapper’s black Mercedes Benz…
Kanye West has turned into quite the controversial figure through his own behavior and statements, however his life now appears to be run by his new wife, Bianca Censori. With the pair having met through working together in one of West’s business ventures, they married in January and have been inseparable ever since. According to…
Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. As reported on CNN, the company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion euro) in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. Adidas ended its nine-year partnership with the rapper last…
American rapper and business mogul, Kanye West, has secretly married Bianca Censori, an architectural designer at his company Yeezy, TMZ reported on Friday. Sources told TMZ that though the duo had a wedding ceremony, a marriage certificate was not issued to legalise the union. Ye, as he is now formally known, was spotted wearing a…
Kanye West, infamous stealing the spotlight of Taylor Swift at the 2009 VMA Awards, had a hilarious repeat at People Awards 2013. Olivia Munn similarly pulled a “Kanye stunt” when the actress reclaimed the trophy from the superstar; she was going to win the People’s Choice Award for Favorite Country Artist. The singer said, “This…
