Kim Zolciak blames husband Kroy Biermann for financial ruin after 'relying on him for everything' for years as 'RHOA' star files for divorce
The decision to split has left Kim Zoliack and Kroy Biermann’s adoptive daughter Brielle, 26, in tatters as felt she has been 'blindsided' by her parents’ decision
2023-05-10 10:51
'He's starting to get on my nerves': 'Wheel of Fortune' host Pat Sajak mocks puzzle prodigy winner Emil
Pat Sajak snapped at Emil De Leon after he solved a puzzle in record time
2023-05-10 10:49
El Cucuy: Francia Raisa's dad says she called out Selena Gomez for drinking after kidney transplant
During a recent interview earlier this year, Raisa's father confirmed rumors that she fell out with Selena Gomez after donating a kidney
2023-05-10 10:48
Luke Bryan shares photos of fishing trip with son Bo, stunned fans say he's 'literally your twin'
Luke Bryan showed off his son Bo's big catch from a fishing trip and fans were shocked at how much the two resemble each other
2023-05-10 10:00
'Same words every birthday': Kris Jenner trolled for sharing 'template' best wishes for grandson Psalm as he turns 4
Kris Jenner, a proud grandmother of 12, is celebrating the birthday of Kim Kardashian's son Psalm
2023-05-10 09:17
Meet the parent: De Niro a dad again at 79
Robert De Niro has become a father again at the age of 79, the "Raging Bull" actor said...
2023-05-10 08:54
'Beetlejuice 2' is finally and officially heading to the big screen
Putting to rest what may be one of the most rumor-generating movie possibilities in cinema history, the "ghost with the most" is finally getting his next big moment.
2023-05-10 08:23
Marilyn Manson lawsuit against ex Evan Rachel Wood gutted
A California judge has thrown out key sections of Marilyn Manson’s lawsuit against his former fiancee, “Westworld” actor Evan Rachel Wood
2023-05-10 08:22
'I was very upset': Scarlett Johansson and Chris Evans visited Jeremy Renner after his snowplow accident
As Jeremy Renner recovers from his near-fatal accident, Scarlett Johansson has opened up about what she felt after hearing the news
2023-05-10 04:55
Lachlan Murdoch explains settlement, says no change at Fox
Lachlan Murdoch says Fox paid $787 million to settle a lawsuit on its reporting to avoid a divisive trial and lengthy appeals process
2023-05-10 03:59
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
Brazilian rock icon Rita Lee dead at 75: family
Rita Lee, a Brazilian rock-and-roll icon who sang with legendary group Os Mutantes and went on to a trailblazing solo career as one of Latin America's first female rockers, has died...
2023-05-10 02:25
You Might Like...
Top French court drops rape case against filmmaker Luc Besson
Joy Behar wants 'parity' with Whoopi Goldberg, is 'frustrated' by her 'greed' as she pushes for a raise
Paul Mescal's devastation at Ireland Rugby World Cup result causes influx of thirst tweets
Addison Rae steps out in chic denim mini dress for casual stroll in NYC
Doja Cat's 'incredible' VMA performance hit with conspiracy theories
Keanu Reeves' band Dogstar announce first album for 23 years and drop new song
Is Tom Cruise among actors on strike? 'MI:7' star complained against use of AI in Hollywood before SAG-AFTRA protest
Brooklyn Beckham and Nicola Peltz finally settle their A-list wedding lawsuits