Adidas Says Kanye West ‘Mishandled’ $75 Million of Funds That Were Supposed To Be Used for Marketing the Yeezy Collection
July 21, 2023
Adidas is seeking $75 million from Kanye West, claiming that the rapper “mishandled” funds earmarked for marketing the Yeezy collection. The dispute arises from a marketing fund worth $100 million per year, with Adidas alleging that $75 million was placed into two Yeezy bank accounts and used for unauthorized purposes. Kanye West previously stated that he spent $50 million of Yeezy marketing funds on his gospel choir tour, leading to the ongoing legal battle between the two parties conducted in arbitration.
Recent News
Amazon and Starbucks Share How Cautious Customers Are With Their Spending
Amazon and Starbucks executives believe U.S. consumers are becoming increasingly frugal with their spending.
Screenshots Imply TikTok Is Avoiding Apple App Store Fees
According to new evidence, TikTok might be finding ways to bypass Apple App Store fees.
Tesla Employee Sleeps in Car, Loses Job Amidst Layoffs
Tesla, the Texas-based automaker, recently conducted layoffs affecting at least 10% of its staff. Among them was Nico Murillo, a production supervisor at the Freemont facility, who shared his layoff experience on LinkedIn.
Emergency Slide That Fell Off Delta Plane During Flight Found
The emergency slide was found 10 miles from JFK Airport.