Adidas shares tank after it issues warning over unsold Yeezy stock
Adidas shares plummeted after the company said it could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell Yeezy stock. The sportswear giant cut ties with West, known as Ye, after he posted anti-Semitic comments on social media. The announcement marks the company's fourth profit warning since July.
Published 4 months ago · New York, United States
Time & Location
Sources are mostly out of (0)