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The Latest Breaking News from Kasper Rorsted

Adidas shareholders launch class action lawsuit over Kanye West brand Yeezy

Investors claim sportswear giant failed to minimise their exposure to risk after the rapper and designer’s antisemitic comments led to a sharp decline in the share price

The Guardian - AU

5 challenges facing Adidas' incoming CEO from Kanye West to the World Cup

Whether it is the fallout from an anti-Semitism scandal or a lack of enthusiasm for football’s most important tournament, Bjørn Gulden has a lot of balls he will have to juggle to bring Adidas back on track.

Fortune

Adidas appoints boss of rival Puma as CEO after Ye fallout

Adidas has appointed Puma CEO Bjørn Gulden as its new chief executive

The Independent UK

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read the most diverse news in one place.

Kanye West Made His Yeezy Adidas Staff Make a Big Move

The deal, which has now been terminated, involved the rapper making a huge demand for his shoe/clothing line's staff.

The Street

Kanye is finally canceled. Now what?

Black people should have canceled Ye a long time ago. But now all of us have an opportunity to look past his antics

Salon

Kanye Breakup Makes Adidas Problems Worse

Doing the right thing can be costly. Adidas expects a big hit from kicking Kanye to the curb.

The Street

Adidas CEO to step down next year, successor sought

Sports apparel maker Adidas says CEO Kasper Rorsted will step down next year and it has started looking for a successor

The Independent UK

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Adidas Stock Slides As Veteran CEO Kasper Rorsted Plans Departure

"Kasper Rorsted has strategically repositioned the company and fast-forwarded its digital transformation," said supervisory board chairman Thomas Rabe.

The Street

Kanye West accuses Adidas of inventing Yeezy Day without his approval

‘Adidas made up the Yeezy Day idea without my approval,’ Ye said

The Independent UK

Fans hilariously compare new Yeezy’s to baked goods: ‘A GBBO challenge gone wrong’

‘I feel as though they need to go back in the oven for another 20 minutes as they haven’t risen yet’

The Independent UK

Kanye West accuses Adidas of copying Yeezy designs: ‘I’m not standing for this blatant copying no more’

‘These shoes represent disrespect that people in power have to talent’

The Independent UK

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

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