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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.

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The Pogues frontman Shane MacGowan died “peacefully” on the morning of November 30 with his wife Victoria and family at his side. A statement shared on behalf of his wife, Victoria Mary Clarke, his sister Siobhan and father, Maurice, on The Pogues’ official Instagram said: “It is with the deepest sorrow and heaviest of hearts that we announce the passing of SHANE MACGOWAN. “Shane died peacefully at 3am this morning (30 November, 2023) with his wife Victoria and family by his side. Prayers and the last rites were read which gave comfort to his family. “He is survived by his wife Victoria, his sister Siobhan and his father, Maurice, family and a large circle of friends. Further details will be announced shortly but the family ask for privacy at this very sad time”. Irish President Michael D Higgins said there was “particular poignancy” that the death of Shane MacGowan had followed closely that of Sinead O’Connor. He said: “Born on Christmas Day, there was perhaps some form of destiny which led Shane to writing Fairytale Of New York, the timeless quality of which will surely mean that it will be listened to every Christmas for the next century or more. “Likewise songs like Rainy Night In Soho, A Pair Of Brown Eyes, If I Should Fall From Grace With God and so many others will live on far into the years and decades to come. “I think too of Haunted, and the particular poignancy that both Shane and Sinead O’Connor have left us in such quick succession.” He added: “It was a great honour for me, as President of Ireland, to present Shane with a lifetime achievement award in the National Concert Hall in January 2018 as we marked his 60th birthday. A richly deserved honour.” Amongst those paying tribute include Nick Cave, Micheal Martin and Leo Varadkar. One person unlikely to pay tribute is the outspoken actor and commentator Laurence Fox who was once called a 'herronvolk sh**e' by The Pogues Twitter/X account after he complained about the BBC censoring a version of 'Fairytale of New York.' Although Fox has since removed his tweet, the Pogues putdown is still live, leading many to reshare it in memory of MacGowan. Additional reporting by PA. Sign up to our new free Indy100 weekly newsletter 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.