Adidas announced plans to slash its dividend and declared 2023 a “transition year” on Wednesday, as the company struggles to reposition itself after terminating its lucrative partnership with Kanye West […]
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Back to news homeAdidas Lowers Earnings Forecast After Dropping Kanye West
Adidas, just weeks after severing its very profitable relationship with the rapper and designer Kanye West, said on Wednesday that it would need to cut revenue and earnings forecasts for […]
Garment Workers Who Lost Jobs in Pandemic Still Wait for Severance Pay
Over a crackling phone line, Ashraf Ali, a 35-year-old father in Bangladesh, described feeling suicidal and desperate to feed his family. Sokunthea Yi, in Cambodia, said she spends sleepless nights […]
China’s Outrage over Forced Labor Charges Targets H&M, Adidas and Nike
H&M faces a boycott. Tommy Hilfiger, Adidas, Nike, Converse and Calvin Klein have lost their brand ambassadors. Burberry has had to give up an online video game partnership.Western brands are […]