Kanye West’s Departure Costs Adidas $813 Million in Fourth Quarter

Adidas, the German multinational sportswear giant, has reported a significant fourth-quarter operating loss of €724 million ($765 million) and a net loss of €482 million ($510 million) from continuing operations-marking its first annual loss in 31 years. The loss was attributed to the termination of its partnership with Kanye West’s Yeezy brand and a surplus […]