BUSINESS
Adidas Faces First Operating Loss in 31 Years After Split With Ye
A sign hangs outside of an Adidas store on February 10, 2023 in Chicago, Illinois. Adidas is expecting to report a loss in 2023 after terminating a lucrative deal with rap artist Ye (formerly Kanye West) after he made a series of antisemitic and racist remarks. The company is now trying to decide what to do with $1.3 billion of the artist's unsold Yeezy branded merchandise. (Photo by Scott Olson/Getty Images)
Adidas Faces First Operating Loss in 31 Years After Split With Ye