Adidas to sell some Yeezy inventory and donate part of the proceeds
May 11, 2023
Adidas CEO Bjoern Gulden said the company plans to sell some of its Yeezy stock and donate part of the proceeds to international organizations. The athleticwear ended sales of the brand last year after Ye, formerly known as Kanye West, made a series of antisemitic comments. Ye will still be entitled to 15 percent of the sales of all Yeezy merchandise.
Recent News
Uber Unveils New Changes, Including Costco Perks & Shuttle Rides
The new Uber offerings were announced at its annual Go-Get showcase.
Netflix’s Ad-Supported Tier Has Now Reached 40 Million Monthly Users
Netflix said its more cost-effective, ad-supported tier has brought in 40 million global monthly active users.
Mirage Closes Ahead of Hard Rock Rebrand, 2027 Reopen Planned
The Mirage Hotel, credited with rebranding the Las Vegas Strip into a luxury resort destination, is shutting its doors this summer.
Samsung Responds to Apple’s Heavily Criticized ‘Crush’ Ad With a 43-Second Clip
Samsung has dropped a new ad called “Creativity cannot be crushed” in reaction to Apple’s iPad Pro “Crush” ad, which caused mass criticism online last week.