Olivia Dunne and her 'forgotten' sister Julz's photos from party night in Baton Rouge set Internet on fire
In the snapshots, Olivia Dunne and Julz Dunne were seen reveling in the vibrant atmosphere of a party, surrounded by a circle of friends
2023-07-26 19:53
Where is Jinger Duggar? Escaping the dark shadows of the Duggar dynasty
'The fear kept me crippled with anxiety. I was terrified of the outside world,' said Jinger Duggar
2023-06-02 16:51
Britney Spears’ ex-husband Kevin Federline and sons plan to move to Hawaii amid singer's marital woes
According to sources, Kevin Federline's lawyer has mailed a letter to Britney Spears' lawyer
2023-05-16 20:28
Tom Hanks urges Harvard grads to defend the truth and resist indifference
Academy Award-winning actor Tom Hanks told graduates of Harvard University to be superheroes in their defense of truth and American ideals, and to resist those who twist the truth
2023-05-26 03:25
'Thank you for not taking sides': Internet praises Pete Davidson's monologue on Israel-Hamas war
'I'm gonna do what I've always done in the face of tragedy, and that's try to be funny,' said Pete Davidson
2023-10-15 19:16
Who is Bogart? Three-legged dog wins 'AGT' judges' hearts, unimpressed fans call act 'lame'
Bogart's heartwarming journey from shelter to 'AGT' Season 18 showcases his impressive agility despite having just three legs
2023-08-09 05:56
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
'Teen Mom' Leah Messer's dad Gary Lee Miller leaves internet disgusted after on-camera homophobic slurs
'Teen Mom' star Leah Messer's father faces backlash from fans after spewing homophobic hate on camera
2023-08-18 14:46
'MasterChef' USA Season 13: Gordon Ramsay slammed over sneaky shenanigans with Madame Donut
Fans call out Gordon Ramsay as he teases Madame Donut with a 'fake no' before handing her the apron on 'MasterChef' USA Season 13
2023-06-08 11:48
Whitney Way Thore developed eating disorder after being labeled 'fat' and nicknamed 'Thunder Thighs'
'My Big Fat Fabulous Life' star Whitney Way Thore said, 'The stinging shame of it followed me through middle and high school'
2023-06-01 09:22
Thousand Island vs. Russian Dressing: What’s the Difference?
Russian dressing and Thousand Island dressing are two creamy sauces that are often confused for one another. So what’s the story?
2023-09-08 22:27
Taylor Swift turns out for Chiefs game stoking Kelce romance rumors
Pop star Taylor Swift added fuel to the rumors around her possible relationship with NFL star Travis Kelce when she was seen watching him in action alongside the...
2023-09-25 06:28
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