Connected
May 26, 2023 - 15 min
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Trouble at Adidas: Yeezy, lawsuits & financial losses
Stay up-to-date with the biggest stories in tech and business. Every weekday.
By Connected
Stay connected with the biggest global stories in business and tech. Presented by Karleen Leveille, every weekday on Curio. In today's episode... Did Adidas deceive investors over Kanye West? With the partnership between the sportswear brand and controversial rapper-turned-designer finally, over, The Washington Post reports on a class-action lawsuit against the company. Then, Adidas is bracing for its first annual loss in 31 years following recent controversies. The Financial Times discusses the ramifications of ex-chief Kasper Rørsted's €15.9mn severance payment, falling sales, and their decision to cut links with Kanye West.
