The Ashley Madison documentary: What you need to know
The ABC News/Hulu documentary 'The Ashley Madison Affair' tells the tale of the now famous website used by those seeking to have extramarital affairs"Let's just say if you do bad things, then bad things will happen to you."
2023-07-08 00:53
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
'If dude wasn't Spider-Man': Internet shares its hot take on Tom Holland's performance in 'The Crowded Room'
Tom Holland plays Danny Sullivan, who was arrested over his involvement in a New York City shooting in 1979, in 'The Crowded Room'
2023-06-09 15:49
Jana Kramer expecting baby with fiancé Allan Russell
Jana Kramer is expanding her family. The "Whine Down" podcast host announced that she's expecting a baby with her fiancé Allan Russell on Thursday.
2023-06-09 04:15
Internet says 'invalid opinion' as Fox News host Tomi Lahren slams 'campus idiots' amid Israel-Hamas war
In this segment, Lahren spoke about the LGBTQ+ movement and how 'some of those same people' are now a part of a 'pro-terror movement' amid the ongoing Israel-Hamas conflict
2023-10-15 13:52
'The Masked Singer' Season 10: Demi Lovato dubbed 'shady' for using Nick Jonas' pic as clue for her mask
Demi Lovato came into the limelight when she starred alongside Nick in 'Camp Rock' in 2008
2023-09-11 12:51
Ex-film director wins France's top literary prize
France's top literary prize, the Goncourt, was awarded Tuesday to former film director Jean-Baptiste Andrea for his novel "Veiller sur elle" ("Watch Over Her") set...
2023-11-07 20:45
Has Jamie Foxx started working already? Actor's daughter Corinne hints at his first job in social media post months after scary dash to ICU
Jamie Foxx had to be suddenly hospitalized in April due to an undisclosed medical complication and spent the past months in a physical rehab center
2023-07-22 13:57
Who stars in HGTV's 'Battle on the Beach' Season 3? From Bryan Baeumler to Alison Victoria, here is the full cast list
HGTV's 'Battle on the Beach' Season 3 boasts a budget of $90,000 with five renowned stars as mentors
2023-06-05 07:18
'Allegations of misconduct are baseless and absurd': Second woman accuses Danny Elfman of sexual assault
The second woman is now seeking damages 'including but not limited to medical and incidental expenses and loss of earnings'
2023-10-21 08:26
Is Michael Strahan’s job as ‘The $100,000 Pyramid’ host in jeopardy? Fans slam 'GMA' star for putting 'zero effort' in new role
Fans of 'The $100,000 Pyramid’ complained that Michael Strahan has made the game show 'too easy' for the contestants
2023-08-07 14:18
5 Simple Tips for Reducing Dust From Building Up In Your Home
Looking to super-charge your dusting? Employing a robot vacuum is one simple way to do it.
2023-11-27 21:27
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