German sportswear giant Adidas has reported a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West is ‘hurting’ its bottom line. – AFP pic, May 5, 2023.
GERMAN sportswear giant Adidas reported today 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 from January to March, compared to a profit of €482 million in the period a year earlier.
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