Million-selling novelist Isabel Allende has a deal to write 3 children's books
At age 81, Isabel Allende has decided it's time to try writing children's books
2023-09-20 20:54
Matthew Perry, Emmy-nominated 'Friends' star, dead at 54
Matthew Perry, who starred as Chandler Bing in the hit series “Friends,” has died
2023-10-29 12:26
Where is Glen McCurly now? 'NBC Dateline' reruns episode on Carla Walker's rape and murder case
A brutal case that remained unsolved for more than four decades, Walker's death continues to shock and pain
2023-07-29 06:17
Has Mirage stolen Bumblebee's spotlight in 'Transformers: Rise of the Beasts'? Here's what we know
Bumblebee is no longer the star of the new 'Transformers' film. The title now belongs to another autobot named Mirage
2023-06-08 16:57
Fans swoon after Ali Wentworth shares George Stephanopoulos’ ‘priceless’ reaction to FaceTime call from daughter in college
'GMA' star George Stephanopoulos was sneakily clicked by wife Ali Wentworth as he took a FaceTime call from daughter who is currently in college
2023-09-22 13:55
Jon Stewart's show on Apple is over because of disagreements about China
"The Problem with Jon Stewart" will not come back to Apple TV+ for a third season, bringing a surprise and sudden end to the increasingly popular show led by the former "Daily Show" host.
2023-10-21 00:28
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
Kylie Jenner cruelly mocked with comparison to her son in tender video
Kylie Jenner is being cruelly mocked on TikTok after posting what should have been a sweet video alongside her young son, Aire. However, in the clip, the reality star opted for baggy trousers, which viewers insist make her look like she's wearing a diaper, just like her son. “Aw they have the same toddler full diaper walk cute,” one user wrote, while another added: “I hate this for her, really. It does look like she’s wearing one!” Click here to sign up for our newsletters
2023-05-24 18:59
Pokimane: When streaming pro faked 'sexual' relationship with Twitch star to 'target and manipulate girls'
Pokimane reveals an incident and praises female fans for bravery
2023-05-28 15:51
Lainey Wilson and Jelly Roll among big winners at 2023 People’s Choice Country Awards
Lainey Wilson and Jelly Roll won big at the 2023 People’s Choice Country Awards, scooping the Female and Male Artist of 2023 gongs, as well as combining to land The Collaboration Song Of 2023 for tune 'Save Me'.
2023-09-29 19:25
Pop singer Sabrina Carpenter's music video spurs outrage for using NY Catholic church as a setting
A pop singer’s use of a Roman Catholic church in Brooklyn for parts of a music video has led to its pastor being penalized
2023-11-29 05:45
Cate Blanchett leads Rumors cast
Cate Blanchett has joined the cast of 'Rumors' and will start filming on 9 October after the director signed an interim agreement with SAG-AFTRA.
2023-10-06 15:18
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