Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Beyonce on Friday introduced a separate collection in a partnership with French fashion house Balmain
Thom Browne may have escaped consequences for the extra stripe in the Adidas matter, but this might really be an exception to the rule
Adidas has lost a court case to try to stop a fashion designer from using a four-stripe design, the media reported
After the reporting period closed, the retired footballer faced public criticism for agreeing to promote Qatar despite concerns around the treatment of migrant workers
Adidas says it is investigating allegations of inappropriate workplace conduct by the rapper formerly known as Kanye West that ex-employees made in an anonymous letter also accusing the German sportswear brand of looking the other way. Adidas, which made his Yeezy line, cut ties with Ye last month over his offensive and antisemitic remarks after facing pressure to follow other brands and companies in ending partnerships with the rapper. It said it expected to take a hit of 250 million euros (USD 246 million) to its net income this year from the move. Ye was suspended from Twitter and Instagram over his remarks but has been back tweeting this month. Rolling Stone has reported that it spoke to more than two dozen former Yeezy and Adidas workers and obtained a letter from several former Yeezy employees to the sportswear company alleging that Ye created a toxic work environment by showing sexual photos and videos in meetings, making vulgar comments and bullying the people who worked for
Adidas has terminated its contract with Kanye West, but he is no stranger when it comes to controversies
Adidas has ended its partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks. Adidas does not tolerate antisemitism and any other sort of hate speech," the company said in a statement Tuesday. Ye's recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company's values of diversity and inclusion, mutual respect and fairness. It comes after the German sportswear company faced pressure to cut ties with Ye, with celebrities and others on social media urging Adidas to act. The company said at the beginning of the month that it was placing its lucrative sneaker deal with the rapper under review. Adidas is just the latest company to end connections with Ye, who also has been suspended from Twitter and Instagram over antisemitic posts that the social networks said violated their policies. He recently suggested slavery was a choice and called the COVID-19 vaccine the mark of the beast, among other comments
Adidas CEO Kasper Rorsted will step down next year, the sports apparel maker said Monday, and the company has started looking for a successor. Rorsted, who has been CEO since 2016, and its supervisory board mutually agreed that he will hand over during the course of 2023, the Herzogenaurach, Germany-based Adidas said. After three challenging years that were marked by the economic consequences of the COVID-19-pandemic and geopolitical tensions, it is now the right time to initiate a CEO transition and pave the way for a restart, supervisory board chairman Thomas Rabe said in a statement. He thanked Rorsted for major achievements that included strategically repositioning the company, vastly expanding its online sales and doubling sales in North America. Rabe said the firm can now focus on its core brand after divesting TaylorMade, Reebok and CCM Hockey. Recent years have been marked by several external factors that disrupted our business significantly and that it took huge efforts to
The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the offer for sale route on Tuesday at a price band of Rs 278-292 per share
Ahead of a major year for sport, Adidas has announced its biggest ever commitment to Indian women athletes, in line with its "Impossible is Nothing" tagline.
This deal marks ABFRL's foray into India's fast-growing sports and activewear segment
'The Home of Possibilities' store is a blend of multiple digital touch points, sustainability zone and embodies the future of retail experience for consumers
Reasonably priced for the kind of tech it offers, this pair of shoes offers sheer comfort, if you're getting back to running and want to keep injuries and pain at bay
This pair delivers on both comfort and performance, offering a good bounce and absorbs the impact well
The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration, the companies said Thursday in a statement
The German sportswear company still raised its outlook for full-year sales
H&M, Burberry, Nike, Adidas and other Western brands have been hit by consumer boycotts in China since last week over comments about their sourcing of cotton in Xinjiang
Both Nike and Adidas, which have been growing rapidly in China, have said previously that they do not source products or yarn from the Xinjiang region
The Ultraboost21 looks bulky but weighs just 340 gm, which is decent for a pair of running shoes. At Rs 17,999, it is also priced competitively
Adidas shares were up 3.2% by 1250 GMT, the biggest gain on the German blue-chip index