Sportswear giant Adidas lifted its revenue forecast and cut its expected loss for 2023 on Tuesday, citing Yeezy shoe sales and a stronger core business. The German company said it now expects an ...

The move cost Adidas a massive share of profits this year, the company said. When Adidas announced on Tuesday that it had terminated its relationship with Ye, the rapper formerly known as Kanye West, ...

Adidas is once again putting Yeezy sneakers up for sale through its digital platforms — unloading the remainder of its inventory after the company cut ties with rapper Kanye West over his antisemitic ...

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Adidas has appointed the head of Puma to succeed outgoing CEO Kasper Rorsted, betting on his ability to replicate its crosstown rival’s comeback. Norwegian Bjørn Gulden, 57, will become CEO of Adidas ...

Adidas AG, in a reversal, will no longer object to a trademark application filed by the Black Lives Matter Global Network Foundation (BLMGNF) for a logo the sportswear company had previously claimed ...

If all Adidas had were Anthony Edwards, it could still very well be poised to be the front-runner in basketball shoes for years to come. The 22-year-old Minnesota Timberwolves guard has firmly taken ...

Adidas once again cut its full-year guidance on Wednesday, as the German sportswear company grapples with the loss of its Yeezy business. In the third quarter, Adidas reported a 4% growth in ...

The German sportswear giant, which has distributed the line, is the latest company to end its ties with the artist after offensive and controversial interviews. By Georg Szalai Global Business Editor ...

Adidas may lose over $700 million in operating profits in 2023 if it doesn't sell off excess Yeezys. Currency-neutral sales would also decline in the "high-single digits," the company said, Thursday.

Adidas will begin an investigation into allegations of misconduct against Kanye West, with whom the company had a partnership that it ended in October. In a statement released Thursday, Adidas said ...