Adidas Announced Its New CEO
Addidas announced that they have hired rival Puma executive Bjorn Gulden as the company’s new CEO.
Gap Pulls Kanye West Products from Stores
Gap has pulled Kanye West products from its stores just hours after Adidas ended their partnership with the rapper over his anti-semitic remarks.
Adidas Terminated Partnership with Kanye West
After Kanye West made anti-semitic remarks, Adidas has terminated their partnership with the singer.
Adidas Third Quarter Sales Rose
Adidas announced their third quarter sales rose 3% from last year’s third quarter. Operating profit fell 8.5% and Adidas shares fell 4.7% in early European trading.