Adidas stock price faces these 6 threats with Yeezy split set to wipe out $1.3 billion in earnings

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Kanye West and Adidas CMO Eric Liedtke
Adidas ended a six-year partnership with Ye last year after the rapper repeatedly made anti-Semitic comments on Twitter.

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Gap says it's getting rid of some managers as sales slide. One retail expert likens the company to a 'lazy student' unwilling to deliver a 'better performance.'

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Shoppers walk past Gap advertising in Birmingham, England.
A Gap store in the UK.

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Adidas will slash its dividends as the split with Kanye West's Yeezy looks set to wipe out $1.3 billion in earnings

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Kanye West and Adidas
Adidas has warned it could lose $1.3 billion after severing ties with 'Yeezy' designer Ye.

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Ye finally got new lawyers after ghosting the ones who dropped him following his antisemitic rants

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Ye, also known as Kanye West, finally has new lawyers.

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  • Ye, aka Kanye West, got new lawyers months after ghosting his old ones.
  • He's now lawyered up in three lawsuits against him, court records show.
  • His previous attorneys dropped him following antisemitic tirades.

Ye has finally lawyered up.

Adidas has its debt rating slashed by S&P as termination of Kanye West partnership batters earnings

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Kanye West walks down a sidewalk with a backpack slung over his shoulder
Kanye West.

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Kanye West is no longer a billionaire after being dumped by Adidas, but is still worth $400 million. Here's how he spent his money.

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Kanye West, now known as Ye, performs in 2015.

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Kanye West's ex-lawyers finally found him after months of trying to tell him they quit

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Ye, formerly known as Kanye West, is seen on November 27, 2022 in Los Angeles, California.

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Kanye West paid white nationalist Nick Fuentes nearly $15,000 out of his 2020 campaign funds

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Kanye West arrives at the Balenciaga show on May 22, 2022 in New York City.

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Kanye West named a suspect in a battery investigation after a video appeared to show him throwing a woman's phone, report says

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Kanye West stands wearing a paint-splattered hoodie in Los Angeles, California, in October 2022.
Kanye West is seen in Los Angeles, California, on October 21, 2022.

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