Issa Wrap! Adidas Announces That They Are Officially Dropping Kanye West; Company Expected To Lose Over $240M! – Noir Online Org

By greatbritton


Cousins! ANOTHER ONE! The company of Adidas is the newest addition of a long list of folks that have decided to cut ties with Kanye West following his controversial statements made over the last couple of weeks. Though this was fairly expected due to the recent history between the rapper and the brand, no one thought after their long history things would turn out this way!

An official statement was released Tuesday morning by the sports brand. “Adidas does not tolerate antisemitism and any other sort of hate speech. Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.” It has been indicated that a thorough investigation had been concluded.

Reports from Variety read that production of all Yeezy products have officially been halted and that all payments made to Kanye’s company have been stopped as well. “Adidas will stop the Adidas Yeezy business with immediate effect.” In the statement Adidas also made it clear that they are “sole owner of all design rights” just incase the Chicago native attempts to reproduce the classic designs under a new manufacture.

Ye’s Yeezy brand first debuted through Adidas back in 2015 and instantly grew in popularity across the country. Following the news a public report from Forbes noted that the drop from Adidas cost approximately $1.5 billion of Ye’s worth. Turning his status from a billionaire back to a millionaire, he is now worth $400 million.

Earlier this month the multi Grammy nominated artist appeared on the Drink Champs podcast where he stated, “I can say antisemitic s—- and Adidas cannot drop me.”

Cousins, do you think Ye saw this one coming? Check out what social media users have to say👇🏿





Source link

&description=" data-pin-do="buttonPin" data-pin-save="true">

Leave a Reply