Adidas posts loss as Kanye West split 'hurts' business

  • 📰 eNCA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

[ICYMI] Adidas posts loss as Kanye West split 'hurts' business

Adidas's new CEO Bjorn Gulden says time is needed to turn the company aroundBERLIN - German sportswear giant Adidas reported Friday a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West was"hurting" its bottom line.The company booked a net loss of 39 million euros from January to March, compared to a profit of 482 million euros in the period a year earlier.

Adidas halted its tie-up with West -- now known as Ye -- in October after he made a series of anti-Semitic outbursts. "2023 will be a bumpy year with disappointing numbers, where maximising our short-term financial results is not our goal," he said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 49. in BE

Belgique Dernières Nouvelles, Belgique Actualités