{"id":107552,"date":"2022-10-25T11:47:20","date_gmt":"2022-10-25T11:47:20","guid":{"rendered":"https:\/\/harchi90.com\/adidas-ends-kanye-west-partnership-over-antisemitism-hate-speech\/"},"modified":"2022-10-25T11:47:20","modified_gmt":"2022-10-25T11:47:20","slug":"adidas-ends-kanye-west-partnership-over-antisemitism-hate-speech","status":"publish","type":"post","link":"https:\/\/harchi90.com\/adidas-ends-kanye-west-partnership-over-antisemitism-hate-speech\/","title":{"rendered":"Adidas ends Kanye West partnership over antisemitism, hate speech"},"content":{"rendered":"<div>\n<div class=\"article-body-v2__context_widget__3WbtL article-body-v2__element__23wZV\">\n<div class=\"context-widget__content__3XLT7\">\n<ul class=\"summary__summary__3c8zM\">\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__3nvHw\">Adidas ends partnership immediately<\/li>\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__3nvHw\">Decision to weigh with $250 mln on 2022 net income<\/li>\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__3nvHw\">Adidas sole owner of design rights<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p data-testid=\"paragraph-0\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">Oct 25 (Reuters) &#8211; Adidas AG (ADSGn.DE) is terminating its partnership with Kanye West immediately, the sporting goods maker said on Tuesday, reacting to a rash of offensive behavior from the American rapper and designer.<\/p>\n<p data-testid=\"paragraph-1\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">&#8220;Adidas does not tolerate antisemitism and any other sort of hate speech,&#8221; the German company said.<\/p>\n<p data-testid=\"paragraph-2\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">&#8220;Ye&#8217;s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company&#8217;s values \u200b\u200bof diversity and inclusion, mutual respect and fairness,&#8221; it said, using the rapper&#8217;s artist name.<\/p>\n<div class=\"registration-prompt-v2__container__1mRPg registration-prompt-v2__inline__1JoxF article-body-v2__element__23wZV article-body-v2__inline-registration-prompt__3q-iu\">\n<p><h5 data-testid=\"Heading\" class=\"text__text__1FZLe text__white__3r45t text__medium__1kbOh text__heading_5__2krbj heading__base__2T28j heading__heading_5__2A2g- registration-prompt-v2__heading__2z1Vt\">Register now for FREE unlimited access to Reuters.com<\/h5>\n<p><button data-testid=\"Button\" class=\"button__button__2Ecqi button__secondary__18moI button__round__1nYLA text-button__container__3q3zX registration-prompt-v2__button-text__2m6i6\" type=\"button\"><span class=\"button__container__3sgvk\"><span data-testid=\"Text\" class=\"text__text__1FZLe text__inherit-color__3208F text__bold__2-8Kc text__default__UPMUu text-button__medium__113uZ\">register<\/span><\/span><\/button><\/p>\n<\/div>\n<p data-testid=\"paragraph-3\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">A lawyer representing Kanye West did not respond to a request for comment.<\/p>\n<p data-testid=\"paragraph-4\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">Ending the partnership and the production of Yeezy branded products, as well as stopping all payments to Ye and his companies will &#8220;have a short-term negative impact&#8221; of up to $250 million&#8221; on Adidas&#8217; net income this year, the company said, partially as the Christmas quarter tends to see greater demand usually.<\/p>\n<p data-testid=\"paragraph-5\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">Adidas put the partnership under review earlier in October &#8220;after repeated efforts to privately resolve the situation.&#8221;<\/p>\n<p data-testid=\"paragraph-6\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">Ye has courted controversy in recent months by publicly ending major corporate tie-ups and due to outbursts on social media against other celebrities.  His Twitter and Instagram accounts were restricted, with the social media platforms removing some of his online posts that users condemned as antisemitic.<\/p>\n<p data-testid=\"paragraph-7\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">In now-deleted Instagram posts from earlier this year, the multiple Grammy award-winning artist accused Adidas and US apparel retailer Gap Inc (GPS.N) of failing to build contractually promised permanent stores for products from his Yeezy fashion line.<\/p>\n<p data-testid=\"paragraph-8\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">He also accused Adidas of stealing his designs for its own products.<\/p>\n<p data-testid=\"paragraph-9\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">Gap and Ye ended their partnership in September.  European fashion house Balenciaga has also cut ties with Ye, according to media reports.<\/p>\n<p data-testid=\"paragraph-10\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">Adidas poached Ye from rival Nike Inc (NKE.N) in 2013 and agreed to a new long-term partnership in 2016 in what the company then called &#8220;the most significant partnership created between a non-athlete and a sports brand.&#8221;<\/p>\n<p data-testid=\"paragraph-11\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">The tie-up, which produced several hot-selling &#8220;Yeezy&#8221; branded Adidas sneakers that cost between $200 and $700, helped the German brand close the gap with Nike in the US market.<\/p>\n<p data-testid=\"paragraph-12\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">Yeezy generates about 1.5 billion euros ($1.47 billion) in annual sales for Adidas, making up a little over 7% of its total revenue, according to estimates from Telsey Advisory Group.<\/p>\n<p data-testid=\"paragraph-13\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body-v2__element__23wZV\" style=\"font-size:20px\">Shares in Adidas, which cut its full-year forecast last week, were down about 3.8%.  The group said it would provide more information as part of its upcoming Q3 earnings announcement on Nov.  9.<\/p>\n<div class=\"registration-prompt-v2__container__1mRPg registration-prompt-v2__inline__1JoxF article-body-v2__element__23wZV\">\n<p><h5 data-testid=\"Heading\" class=\"text__text__1FZLe text__white__3r45t text__medium__1kbOh text__heading_5__2krbj heading__base__2T28j heading__heading_5__2A2g- registration-prompt-v2__heading__2z1Vt\">Register now for FREE unlimited access to Reuters.com<\/h5>\n<p><button data-testid=\"Button\" class=\"button__button__2Ecqi button__secondary__18moI button__round__1nYLA text-button__container__3q3zX registration-prompt-v2__button-text__2m6i6\" type=\"button\"><span class=\"button__container__3sgvk\"><span data-testid=\"Text\" class=\"text__text__1FZLe text__inherit-color__3208F text__bold__2-8Kc text__default__UPMUu text-button__medium__113uZ\">register<\/span><\/span><\/button><\/p>\n<\/div>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__default__UPMUu sign-off-v2__text__28fsH\">Reporting by Mrinmay Dey and Uday Sampath in Bengaluru;  Editing by Tomasz Janowski, Sriraj Kalluvila and Bernadette Baum<\/span><\/p>\n<p data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body-v2__element__23wZV\">Our Standards: The Thomson Reuters Trust Principles.<\/p>\n<\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adidas ends partnership immediately Decision to weigh with $250 mln on 2022 net income Adidas sole owner of design rights Oct 25 (Reuters) &#8211; Adidas AG (ADSGn.DE) is terminating its partnership with Kanye West immediately, the sporting goods maker said on Tuesday, reacting to a rash of offensive behavior from the American rapper and designer. &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/adidas-ends-kanye-west-partnership-over-antisemitism-hate-speech\/\"> <span class=\"screen-reader-text\">Adidas ends Kanye West partnership over antisemitism, hate speech<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[4976,241,8231,7294,7295,72,845,485,487,26263,3695,5660,488,73,7826,490,5661,5662,491,492,7831,4334,2668,618,5665,459,16695,7964,460,812,813,496,497,462,33755,468,5682,814,8982,498,7830,238,5672,500,5673,245,7967,85,616,502,32038,7833,5676,819,815,506,7834,32039,3698,102,5678,1383,511,512,513,27076,514,103,98,2667,820],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":89773,"url":"https:\/\/harchi90.com\/adidas-says-kanye-west-partnership-is-under-review-amid-controversy\/","url_meta":{"origin":107552,"position":0},"title":"Adidas Says Kanye West Partnership Is &#8220;Under Review&#8221; Amid Controversy","date":"October 7, 2022","format":false,"excerpt":"Adidas' relationship with Kanye West may be coming to an end. 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