Current Events > Adidas officially cuts ties with Ye aka Kanye West

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Fin_Dawg_004
10/25/22 7:35:31 AM
#1:


https://twitter.com/NPR/status/1584862546506432514

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tremain07
10/25/22 7:36:10 AM
#2:


He asked for it

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yemmy
10/25/22 7:37:02 AM
#3:


Yeezys were ulgy.

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p226
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Turtlebread
10/25/22 7:38:07 AM
#4:


all he had to do was not be a fucking braindead idiot

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St0rmFury
10/25/22 7:38:26 AM
#5:


Yedolf.

Disclaimer: I'm not the one who came up with it.

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Fin_Dawg_004
10/25/22 7:39:23 AM
#6:


https://twitter.com/oliver_drk/status/1584864697764876288


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itachi15243
10/25/22 7:40:34 AM
#7:


Is this the last one or are there more ties that need to be cut? I think this is the last shoe company, but is it the last company over all?

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UnholyMudcrab
10/25/22 7:41:49 AM
#8:


Kanye "I can say anti-Semitic shit and Adidas won't drop me" West

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Solar_Crimson
10/25/22 7:41:55 AM
#9:


yemmy posted...
Yeezys were ulgy.
This.

A shame that it took Kanye being an anti-Semitic git for them to go away.

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Kaiganeer
10/25/22 7:42:17 AM
#10:


St0rmFury posted...
Yedolf
yessolini
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g0ldie
10/25/22 7:42:52 AM
#11:


Kanye overestimated his worth to the company.

like yea, they've made billions with him, but he's no longer good for their image, and there are tons of fashion icons/celebrities out there willing to take his spot.

they might not initially take off as well as Yeezys, but I feel like they'll eventually be more than okay.

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UnholyMudcrab
10/25/22 7:44:43 AM
#12:


He's gonna have to partner with the My Pillow Guy to manufacture Yeezys now

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apolloooo
10/25/22 7:44:54 AM
#13:


yemmy posted...
Yeezys were ulgy.

Turtlebread posted...
all he had to do was not be a fucking braindead idiot


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BuzzKilljoy
10/25/22 7:46:46 AM
#14:


UnholyMudcrab posted...
He's gonna have to partner with the My Pillow Guy to manufacture Yeezys now

Yeezys were actually ugly enough that this could work out just fine for him.

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Vegy
10/25/22 8:02:23 AM
#15:


Fin_Dawg_004 posted...
https://twitter.com/oliver_drk/status/1584864697764876288


Lmao

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Sayoria
10/25/22 8:23:23 AM
#16:


Only because of the lashback by the public.

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gatorsPENSbucs
10/25/22 8:58:41 AM
#17:


Damn, adidas stock already going down.

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BlueTigerLion
10/25/22 9:01:10 AM
#18:


the creator of the Adidas brand was a part of the Nazi party. Surprised that hasnt been mentioned yet. I guess they successfully erased their origin story.

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Umbreon
10/25/22 9:08:33 AM
#19:


Fin_Dawg_004 posted...
https://twitter.com/oliver_drk/status/1584864697764876288


I love the sight of arrogance being cut down.

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Heineken14
10/25/22 9:11:08 AM
#20:


UnholyMudcrab posted...
He's gonna have to partner with the My Pillow Guy to manufacture Yeezys now


MyYeezys.

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WrestlinFan
10/25/22 9:16:26 AM
#21:


Fin_Dawg_004 posted...
https://twitter.com/oliver_drk/status/1584864697764876288
You love to see it.

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Vampire_Chicken
10/25/22 9:17:48 AM
#22:


About bloody time.
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Blue_Target
10/25/22 10:09:14 AM
#23:


Fin_Dawg_004 posted...
https://twitter.com/oliver_drk/status/1584864697764876288
Leopards ate my face

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Propane4Sale
10/25/22 10:49:09 AM
#24:


gatorsPENSbucs posted...
Damn, adidas stock already going down.

Then back up 60% a couple months later when they sign Kendrick Lamar or somebody else to a sneaker deal.

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Flockaveli
10/25/22 10:53:59 AM
#25:


Thank god I fucking hate that guy. Kid needs to take his meds and shut the fuck up.
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gamepimp12
10/25/22 11:56:23 AM
#26:


personally I think its in poor taste for them to cut ties with him and his brand and openly admit theyre going to rebrand all of the yeezy line at the same time.

Propane4Sale posted...
Then back up 60% a couple months later when they sign Kendrick Lamar or somebody else to a sneaker deal.


every other super star has a nike deal for the most part. Including Kendrick.


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AngelsNAirwav3s
10/25/22 12:01:29 PM
#27:


g0ldie posted...
Kanye overestimated his worth to the company.

like yea, they've made billions with him, but he's no longer good for their image, and there are tons of fashion icons/celebrities out there willing to take his spot.

they might not initially take off as well as Yeezys, but I feel like they'll eventually be more than okay.

Are there? Adidas was already in big financial trouble even before Ye went crazy:

https://finance.yahoo.com/news/adidas-disaster-beyond-kanye-west-debacle-102544534.html

Adidas is a mess of a retail brand right now, and it's not only because of ties to problematic musician-turned-designer Kanye West.

On Tuesday, Adidas severed ties with West following a spate of antisemitic comments in recent weeks.

The parting of ways comes amid increased pressure on social media and among investors for Adidas to move beyond West and its Yeezy line. Adidas stock, down 64% so far in 2022, continued to fall as West's bizarre rants intensified. In ending their relationship, Adidas will have a huge hole to fill financially: The popular Yeezy line represents about $1-$2 billion in annual sales for the company, according to Evercore ISI analyst Omar Saad.

"We see big risk around the Yeezy franchise," Saad said in a recent note to clients.

Besides the West drama, Adidas is entering wounded into the holiday season the latest retailer to get flat-foot operationally as global economies have slowed. That poor execution has primarily led to a glut of Adidas inventory that will have to be aggressively marked down at the expense of profits, the company warned a week ago.

Adidas said third quarter sales rose a lackluster 4% in the third quarter excluding the impact of volatile currencies. Sales in China tanked by a double-digit percentage.

The company warned (its second warning of the year) that profits would be about 60% lower than its previous expectations. Operating profit margins for the year are seen at 4% compared to a prior goal of 7%.

Evercore ISI's Saad believes Adidas shares will be dead money as it works through excess inventory and also searches for a new CEO to replace long-time leader Kaspar Rorsted in 2023.

"Adidas has been significantly underperforming in China before and through the pandemic (China sales 55% vs. pre-pandemic levels vs Nike 87%), and that divergence appears to be widening," Saad explained. "Adidas has more exposure to apparel, which is really where the demand weakness and inventory issues have been highly concentrated."

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gamepimp12
10/25/22 12:06:45 PM
#28:


No yeah this is gonna ruin adidas for the next 5 years honestly.

best case they rebrand his product, use his designers on new models and they rebound in like 3 years.

but adidas is FUCKED

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g0ldie
10/25/22 12:07:59 PM
#29:


I guess I was wrong, then.

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gamepimp12
10/25/22 12:11:20 PM
#30:


g0ldie posted...
I guess I was wrong, then.

yeezy was 25% of their revenue

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Fin_Dawg_004
10/25/22 12:17:33 PM
#31:


https://news.yahoo.com/kanye-west-net-worth-plummets-151210854.html

The oofiest of oofs

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#32
Post #32 was unavailable or deleted.
#33
Post #33 was unavailable or deleted.
MC_BatCommander
10/25/22 12:22:11 PM
#34:


Good, antisemitic POS deserves it

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#35
Post #35 was unavailable or deleted.
Crimson_Corsair
10/25/22 12:25:24 PM
#36:


Cool, now tell me when they cut ties with their slave labor.

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Tyranthraxus
10/25/22 12:25:26 PM
#37:


[LFAQs-redacted-quote]

Yes.

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#38
Post #38 was unavailable or deleted.
#39
Post #39 was unavailable or deleted.
gatorsPENSbucs
10/25/22 12:48:51 PM
#40:


[LFAQs-redacted-quote]

Yah, wish I held onto the ones I sold. Some of them have gone up like $30-$50 just in the last hour. Id hold them a little longer to see if they keep rising.

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CADE_FOSTER
10/25/22 12:50:37 PM
#41:


Crimson_Corsair posted...
Cool, now tell me when they cut ties with their slave labor.
soon as every other company does then they will which is never
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Ricemills
10/25/22 12:53:50 PM
#42:


[LFAQs-redacted-quote]


can Kanye be Ye? yes Ye can.

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refmon
10/25/22 12:58:25 PM
#43:


To Ye or not to Ye

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FortuneCookie
10/25/22 1:07:30 PM
#44:


Good.
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ArchNemo
10/25/22 1:44:19 PM
#45:


Fin_Dawg_004 posted...
https://twitter.com/oliver_drk/status/1584864697764876288

This can't be real, right?

Like, this is too perfect.

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pinky0926
10/25/22 1:47:28 PM
#46:


gamepimp12 posted...
No yeah this is gonna ruin adidas for the next 5 years honestly.

best case they rebrand his product, use his designers on new models and they rebound in like 3 years.

but adidas is FUCKED

Lol


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g0ldie
10/25/22 1:47:32 PM
#47:


gamepimp12 posted...
yeezy was 25% of their revenue
tbh, I knew he was brining in billions, but not that much.

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2Pacavelli
10/25/22 1:49:07 PM
#48:


I wonder if the Yeezys that exist already go up or down in value due to scarcity
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CADE_FOSTER
10/25/22 1:50:06 PM
#49:


Fin_Dawg_004 posted...
https://news.yahoo.com/kanye-west-net-worth-plummets-151210854.html

The oofiest of oofs
lol good fuck him
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HornyLevel
10/25/22 1:50:09 PM
#50:


One of the riskiest cancels I've ever seen which can possibly destroy them. This is like Disney axing Marvel or Lucasfilm.

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