Who is Guy Oseary? Madonna calls herself 'fortunate' as she thanks manager and children for support amid health scare
While Guy Oseary is respected as Madonna’s long-standing manager, he also served as the link between the singer and fans during the pop icon’s illness
2023-07-31 19:58
Is Logan Paul compensating CryptoZoo investors? YouTuber faces backlash amid reimbursement plan bust, Internet asks 'Can we believe this dude'
Fans were furious at Logan Paul after it was revealed that the YouTuber seems to have forgotten his promise to reimburse CryptoZoo investors
2023-08-23 15:57
A 'weird energy' haunted the set of The Exorcist: Believer
'The Exorcist: Believer' director David Gordon Green has revealed that the set of the upcoming horror sequel was affected by "weird energy" on set which came from the demonic plot.
2023-09-28 19:17
Jake Paul trolls KSI by comparing their alleged PPV sales numbers, Internet asks Problem Child to 'stop lying'
Jake Paul had taunted KSI by comparing their alleged PPV sales but fans had disagreed with Paul's statement
2023-09-20 13:24
Freddie Mercury's beloved piano, song drafts and hundreds of personal items to go on sale
More than 1,400 of Freddie Mercury’s personal items, including his flamboyant stage costumes, handwritten drafts of “Bohemian Rhapsody” and the baby grand piano he used to compose Queen’s greatest hits, are going on show in a free exhibition at Sotheby’s London ahead of their sale
2023-08-03 21:23
‘AGT’ judges say yes to Riccardo Pace’s ‘pitiful and pathetic’ performance, angry fans say ‘not worth million dollars’
Simon Cowell do not want 'AGT' Season 18's hand percussion artist Riccardo Pace to move ahead but the other judges disagreed
2023-06-14 10:58
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
Missing Alan Ruck as Logan Roy’s failed son Connor in ‘Succession’? Here’s where you can catch him next
You might be missing Alan Ruck as Connor right now, but not for too long!
2023-05-29 10:52
'I have no choice!' Lauryn Hill postpones concert to prevent 'serious strain or damage' to her voice
Lauryn Hill was forced to postpone a concert in Philadelphia this week on doctor's orders, to prevent "serious strain or damage" to her vocal cords, but she is still planning to play in Toronto on Thursday (26.10.23).
2023-10-24 15:25
Beyoncé has a birthday wish she's asking concertgoers to fulfill
Queen Bey turns 42 on September 4 and has a little "birthday wish" she would like attendees of her "Renaissance" tour to fulfill.
2023-08-24 22:47
Kelly Clarkson wows in white at Rockefeller Center's Christmas Tree Lighting event as fans obsess over her fur trimmed coat
Kelly performed two songs, one of which was her song 'Underneath the Tree'
2023-11-30 16:22
Britney Spears' mom Lynne 'begging' her to make amends with sister Jamie Lynn but singer wants an apology first
Lynne Spears, 68, is actively working on finding a way to facilitate the reconciliation between her daughters Britney Spears and Jamie Lynn
2023-06-20 18:17
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