7/14/2023 0 Comments Crashplan keeps closingThe company said in February that it was expected to lose $1.3 billion in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. (ADDDF) cannot drop me” during a podcast taping.Īdidas said that its partnership with Ye ended because it “does not tolerate antisemitism and any other sort of hate speech” and said his comments were “unacceptable, hateful and dangerous.” It also said they violated the company’s “values of diversity and inclusion, mutual respect and fairness.” Days later, Ye said “I can say antisemitic s*** and Adidas The Anti-Defamation League categorizes the phrase as a hate slogan used by White supremacist groups, including the Ku Klux Klan. ![]() (ADDDF) ended its almost decade-long partnership in October 2022 after Ye wore a “White Lives Matter” T-shirt in public. “We outright reject these unfounded claims and will take all necessary measures to vigorously defend ourselves against them,” Adidas said in a comment to CNN. The suit covers anyone who bought an Adidas share from (when Ye made the slavery remark) until 2023. Adidas’ Chief Financial Officer Harm Ohlmeyer and former CEO Kasper Rørsted are named as defendants. ![]() The lawsuit doesn’t name the rapper, who now goes by Ye. The lawsuit said that Adidas was aware of his behavior and that the company “failed to take meaningful precautionary measures to limit negative financial exposure” if the partnership ended. Demand has surged - not slumped - for Kanye West's Yeezy sneakers, one CEO says
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