Adidas is saying it's in a serious pinch financially ... and the company's pointing fingers at its split from Kanye West as the reason why.
Remembering the Victims of Maine Mass ShootingAdidas is saying it's in a serious financial pinch ... and it's blaming the bind directly on its decision to split from
The athletic brand gave the worrisome update Thursday, saying it's expected to lose a whopping $1.3 billion in sales in 2023 -- and the company says it's because it's unable to sell off all the Yeezy shoes and clothes it still owns.Based on the financial report, it doesn't seem like that's working. The statement says it could lose another $534 mil if it pulls the plug on repurposing the remaining Yeezy stash -- CEOadds,"The numbers speak for themselves. We are currently not performing the way we should." He says 2023 is a year of transition for the brand.if his designs get sold with a rebrand ... but we were told the brand simply isn't cutting checks for him.
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