The Notebook: Victoria Scholar on the Fed’s new move, Adidas’s Yeezy problem and Shell’s AGM showdown City Talk Where the City’s movers and shakers get a few things off their chest. Today, it’s Interactive Investor’s Victoria Scholar. After 10 straight hikes, is it now time for a ‘Fed skip’? Forget the hike, pause and cut, the new word to enter the lexicon of central bank watchers is the ‘Fed skip’. US monetary policymakers [...]
‘Not our intention’: Adidas and German football chiefs respond to ‘Nazi kit’ row sales blocked The design was called 'very questionable' by historians.
Manchester United agree 10-year deal with Adidas worth £900m mega money Manchester United have agreed a record extension with kit maker Adidas worth £900m. The brand will pay nearly £1bn to the club across a 10-year period, beating Chelsea’s 15-year deal worth £900m signed with Nike in 2017. Manchester United’s last deal with the German brand was worth £750m over a decade. “The relationship between Manchester [...]
No Yeezy No Problem: Adidas set to double down on US market despite Kanye bill April 30, 2023 Adidas, which has come under pressure after ending its lucrative Yeezy shoe partnership with Kanye West, is trying to grab a bigger slice of the U.S. sports market, the group’s regional head told the Wall Street Journal. “We want to double down on all of the things that are U.S.-centric, particularly around sport,” Rupert Campbell, [...]
Adidas brings in £344m from sale of Yeezy shoes that will aid anti-hate groups August 3, 2023 Adidas brought in €400m (£344.6m) from the first release of Yeezy trainers left over after breaking ties with Ye, the rapper formerly known as Kanye West. The news comes as the German sportswear maker tries to offload the unsold shoes and donate part of the proceeds to groups fighting antisemitism and other forms of hate. [...]
Adidas releases fresh batch of top-end Yeezy trainers after severing Kanye links July 28, 2023 Adidas has said it is releasing a second batch of high-end Yeezy trainers after cutting ties with rapper Ye, formerly known as Kanye West, as the German sportswear brand seeks to unload the unsold shoes while donating to groups fighting antisemitism. The online sale, to start on Wednesday through Adidas smartphone apps and its website, [...]
Castore eyes $200m fundraising boost as it sets to take on rivals Nike and Adidas February 12, 2023 According to reports in Sky News, the business which has received backing from tennis star Andy Murray, is in talks with bankers to secure a “significant capital injection”.
Adidas terminates Kanye West’s Yeezy brand over antisemitic comments October 25, 2022 Adidas has terminated a multi-billion pound deal with music superstar Kanye West over antisemitic comments he made. The iconic German sports and fashion brand issued a statement today ending his ‘Yeezy’ brand, after the artist said he couldn’t be dropped. This comes after West, who officially changed his name to ‘Ye’, had his Twitter account [...]
Yeezy win? Adidas to sell trainers from axed Kanye deal – and donate proceeds to charity May 12, 2023 Adidas plans to sell trainers from its axed partnership with the US rapper Kanye West and donate some of the money to charity. The German sportswear giant announced it was ending production of Yeezy branded products with “immediate effect” at the end of October after West made antisemitic remarks on social media and in interviews. [...]
Not easy without Yeezy: Adidas share price slumps as Kanye West split hurts profits March 8, 2023 Investors have pulled away from Adidas after the sneaker giant is predicting to make a €700m (£623m) loss for the year, as its deals with the fallout from dropping Kanye West’s lucrative deal. Shares in the company fell 2.48 per cent on Wednesday morning after Adidas revealed in its final year results that it had [...]