Due to unsold inventory, Adidas could lose $1.3 billion. Yeezy stock
If Adidas is unable to sell their current Yeezy supply, they could lose over 1.2 billion euros ($1.3 billion) in sales in 2023.
Shares of Adidas plunged by 11 per cent on Friday after the German sportswear company said it was considering writing off its remaining Yeezy products. Adidas in October cut ties with Kanye West rapper following a series of antisemitic comments he had made.
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