Adidas proves it can thrive without Kanye West, set to sell $1 billion worth of Yeezy shoes
Adidas will sell $1 billion worth of Yeezy shoes made with Kanye West.
Adidas
Kanye West’s exit deals blow to Adidas as Q1 results show $43 million loss
The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
Beyonce challenges IRS in U.S. tax court over $2.7-million tax liability
The move comes after her activewear brand, Ivy Park, severed ties with German sportswear brand, Adidas.
Nassef Sawiris’ wealth surges by $600 million, cementing position as Egypt’s richest
The $600-million bump cements his position as one of Africa’s richest billionaires.
Kanye West’s net worth surges back to $400 million
Despite recent setbacks, West remains one of the world’s richest Black individuals.
Beyonce unveils new fashion collection following split with sportswear giant Adidas
The latest collaboration between Beyonce, Balmain, and Olivier Rousteing builds on their existing relationship dating back to 2018.
Adidas drops Beyonce’s Ivy Park collab amid $10-million loss
The decision to end the partnership followed reports that Adidas suffered a loss of $10 million in 2022.
Kanye West’s net worth dips below $400 million as he suffers $2-million loss
West is one of the world’s richest Black people.
Five months after parting ways with Adidas, Kanye West remains one of America’s richest Black people
Before his multi-year deal with Adidas to design the sneaker brand Yeezy was terminated, Kanye West had a net worth of $2 billion.
Egypt’s richest man Nassef Sawiris loses $300 million in one week
Sawiris’ stakes in Adidas and OCI have fallen in value below $1.9 billion and $2.6 billion.
Egypt’s richest man Nassef Sawiris sees near $300-million increase in net worth in 2023
Sawiris derives the majority of his wealth from his six-percent stake in Adidas and 38.8-percent stake in OCI N.V.
Adidas takes $763-million hit in Q4 following Kanye West’s exit
Adidas executives remain confident despite the underwhelming results.
Adidas faces $10-million loss as Beyonce’s Ivy Park fails to meet expectations
Beyonce’s success extends beyond her music empire.
Adidas reportedly inks new deal with Kanye West in bid to sell off $500-million Yeezy inventory
West’s net worth has declined by $1.6 billion since his split with Adidas.
Adidas’ debt rating takes a hit as Kanye West’s departure impacts earnings
Since Adidas severed ties with Kanye West in October 2022, his net worth has declined by $1.6 billion.
Adidas faces potential loss of $1.3 billion due to unsold Kanye West’s Yeezy stock
This follows the termination of its partnership with Kanye West.