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Monitoring Antisemitism Intel
July 24, 2023
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Adidas swamped with $565 million in orders for unsold Yeezy shoes: FT

Source: finance.yahoo.com finance.yahoo.com
Key Topics in this News Article:
Adidas Antisemitism China Finance Germany Kanye West media intelligence News Media Racism Shoes Sportswear stocks
News Snapshot:
(Reuters) — Adidas got orders worth more than 508 million euros (about $565 million) for 4 million pairs of unsold Yeezy shoes, better than the company's "most optimistic forecast," the Financial Times reported on Monday. Strong demand for the first batch of online sales would potentially save the German sportswear company from having to take a big writedown on its remaining stock, the newspaper said. Adidas stopped selling Yeezy shoes from its defunct partnership with Ye in October after the rapper formerly known as Kanye West made a series of antisemitic comments. Losing the highly profitable line hit first quarter...
Note: Please don’t mind the mess. Some source code may appear in the Snapshot above as we train our A.I.
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