Will BTS reunite in 2025? K-Pop star RM opens up about his bandmates' thoughts on their reunion
'This is just like a vacation to get back to where I was, which was BTS and ARMY,' said RM
2023-08-16 05:57
Sam Smith's vocal cords are on the mend after show cancellations
Sam Smith has updated fans on the state of their vocal cords after suffering from singing issues.
2023-06-06 19:18
Adidas is still figuring out what to do with $1.3 billion worth of unsold Yeezys
Nearly seven months on from Adidas parting ways with rapper Kanye West, and the sportswear brand reportedly still has $1.3 billion of unsold Yeezy stock in its warehouses. The decision from Adidas to split from West - otherwise known as Ye - came back in October last year came after the 45-year-old made antisemitic remarks both in interviews and online. But now, Adidas has to decide what to do with the remaining stock of the popular shoe as the company attempts to turn its fortune around after it abruptly ended its partnership with West and his Yeezy brand, with 400 million euros ($441 million) in lost sales at the start of the year. Sign up to our free Indy100 weekly newsletter Though Adidas is "getting closer and closer to making a decision" on what to do with the sneakers and the “options are narrowing,” new CEO Bjorn Gulden said, as per Associated Press. He became in charge back in January this year, three months after Adidas terminated it's partnership with Ye. However, a decision has not yet been reached due to "so many interested parties," he added. Gulden did not confirm whether the option to destroy the shoes had been ruled out but noted that this is something it is the company is "trying to avoid." Meanwhile other options have their own downsides, since selling the shoes would mean Ye would need to be paid royalties, removing brand identification would be dishonest. Giving the shoes away for free sounds like a nice idea in theory but this could cause them to be resold at a higher market price. Gulden is also remaining tight-lipped on the exact quantity of stock that is left since he believes if consumer are aware of this number it "could have an impact on demand," as per AP. The CEO admitted losing Yeezy is "of course hurting us" and if Adidas decides not to sell the remaining shoes, it could reduce earnings by 500 million euros this year. Net sales declined 1 per cent in the first quarter, to 5.27 billion euros, and would have risen per cent with the Yeezy line, the company said. As a whole, Gulden described 2023 as a "a year of transition" with "a better ’24 and a good ’25" as the German sportswear business continues without the Yeezy brand. Elsewhere, Adidas found itself being sued by investors last week who allege the company knew about Ye’s offensive remarks and harmful behaviour years before the termination and failed to take precautionary measures to limit financial losses. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-05-10 02:25
Andrew Tate dubs sleeping as 'immasculine' in resurfaced video, trolls say ‘bro would discredit every subject on earth'
Andrew Tate said, 'Work at this time, money never sleeps baby'
2023-11-19 13:28
When does 'The Ultimatum: Marry or Move On' Season 2 finale air? Netflix show promises more couples' drama
'The Ultimatum: Marry or Move On' Season 2 finale is about to air on Netflix and participants are ready to find out if they shall marry or move on
2023-08-23 16:18
Russia's Putin honoured in Andy Warhol-inspired fashion show
A Russian clothes brand held a fashion show this week honouring long-time leader President Vladimir Putin by embellishing his face on Andy Warhol-inspired sweaters, in what one nationalist...
2023-12-02 00:18
Travis Kelce shares NSFW 'deal breakers' in old clip amid Taylor Swift rumors
A clip of Travis Kelce's NSFW 'deal breakers' in dating has resurfaced amid rumours of a potential romance with Taylor Swift. Back in 2016, the football player had his own dating show, Catching Kelce, which saw him vet 50 women from across the US in a bid to find his perfect match. With relationships come intimacy, and so he was quizzed on whether a woman who didn't give oral sex would put him off her. "Ahh... Sounds like a dealbreaker to me", he admits, before claiming the third date is 'the breaker' for having sex with a potential match. Sign up for our free Indy100 weekly newsletter
2023-09-28 00:27
Amouranth mocks viewers blaming her for soaring prices at her gas stations, says they want 'free slushies'
Amouranth said, 'I have some gas stations and people think they can get free slushies from me. That’s not how that works, unfortunately'
2023-06-03 15:28
'I feel like I can finally breathe again': 'RHOC' alum Braunwyn Windham-Burke finalizes divorce from Sean Burke
Braunwyn Windham-Burke, who was married to Sean Burke for 23 years, came out as a lesbian in 2021
2023-11-19 21:17
'Mama June: Family Crisis' Season 6 Episode 4 will not air this week: Here's when WEtv show will return
'Mama June: Family Crisis' viewers have seen the struggle of Pumpkin and Josh as they tried to take care of Honey Boo Boo with her other children
2023-05-27 08:16
Shane MacGowan, hard-drinking poet of The Pogues, dies at 65
By Conor Humphries DUBLIN (Reuters) -Shane MacGowan, the London-Irish punk who transformed Irish traditional music with The Pogues and penned
2023-11-30 21:19
'Succession' Series Finale: Shiv’s ‘Kiss of Judas’ moment ends Logan Roy’s legacy at Waystar
Shiv takes a call in the board meeting that ends all doubts about appointment of Waystar's new CEO
2023-05-29 14:52
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