Tuesday, July 23, 2024

UPDATE Adidas Ends Partnership with Kanye West Finally After Waiting Too Long

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In a press statement just now, Adidas has announced the end of its partnership with Kanye West.

The company says in a press release: “Adidas doesn’t tolerate anti-Semitism and some other type of hate speech. Your latest feedback and actions are unacceptable, hateful and harmful, and they’re an organization of variety and inclusion, mutual respect and equity.”

They added:

“After a radical overview, the corporate has determined to instantly terminate the partnership with Ye, stop manufacturing of Yeezy-branded merchandise, and stop all funds to Ye and his firms. Adidas is closing the Adidas Yeezy enterprise efficient instantly. will do.”

The move comes after international outrage that Adidas has taken too long to make this announcement. Stock price has dropped 14% or more since Friday.

The company’s World War II history has become an issue as well, with lots of people suddenly very interested in Adidas’s Nazi background.

Stay tuned for more…

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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