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Kanye West Once Gifted Kim Kardashian Stocks In Apple, Netflix, Amazon And Disney — And His Financial Foresight Continues To Benefit Her Wealth
Sunday, June 8, 2025 - 1:30pm | 805Even though Kanye West and Kim Kardashian's relationship is a thing of the past, West’s investments in stocks for his ex-wife continue to thrive, significantly boosting her financial portfolio. What Happened: Despite their high-profile divorce, West’s financial decisions continue to...
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Sportswear Brands Go To The Olympics In 2024: Paris Games To Showcase New Brands
Friday, December 8, 2023 - 11:21am | 668Adidas (OTC:ADDDF), the German sportswear maker, has had an uneasy 2023 — dropping the top-selling Yeezy brand following anti-semitic remarks by its curator Kanye West, which cost the company around $1.3 billion in sales. But it’s on the turnaround. Third-quarter results on Friday were better...
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Adidas Teams Up With Kanye Again To Sell Leftover Yeezys Rather Than Burning Them
Friday, May 12, 2023 - 5:09am | 454Adidas (OTC:ADDDF) (OTC:ADDYY) is set to resume its partnership with Kanye West to sell over $1.3 billion worth of Yeezy products that were previously in storage. What Happened: Adidas is restarting its collaboration with the rapper, who was once exiled, in order to sell Yeezy products worth over $...
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Adidas CEO Says 2023 Will Be A Rebuilding Year, Projecting $1.3 Billion Loss On Yeezy Termination
Wednesday, March 8, 2023 - 10:14am | 607Adidas fourth-quarter sales were materially impacted by the decision to end its Yeezy partnership in October. “This development reflects the negative impact of around €600 million($632 million) related to the company’s decision to terminate the Yeezy partnership at the...
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Kanye West Isn't The King: Foot Locker Ditches Yeezy, Then Raises Guidance
Friday, November 18, 2022 - 4:29pm | 428Shares of Foot Locker, Inc. (NYSE: FL) jumped as much as 15% Friday after the hypebeast shoe and athletic retailer posted third-quarter results demonstrating strong consumer demand despite inflation pressure. There were no consequences to the company's bottom line after cutting ties with Ye,...
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Adidas Channels Homer Simpson, Goes Back Into Hedges After Ending Kanye West Deal
Thursday, November 10, 2022 - 4:17pm | 515Adidas AG (OTC: ADDYY) recently joined a host of companies to cut ties with controversial rapper Ye — formerly known as Kanye West — over his string of antisemitic comments. The company is out with a new shoe design that could be viewed as a bit of awkward humor, mixed...
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No Kanye, No Problem: Adidas Plans To Sell Yeezy Shoes Under Its Own Name
Thursday, November 10, 2022 - 8:17am | 372Adidas AG (OTC:ADDYY) (OTC:ADDDF) is reportedly planning to sell Yeezy sneakers minus branding associated with its former partner Kanye West, now known as Ye. What Happened: The company is exploring options to sell the sneakers in 2023. The German sportswear company is...
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Kanye Gets Booted Out Of Skechers LA Office For 'Unauthorized Visit' After Adidas Rebuff
Wednesday, October 26, 2022 - 9:26pm | 391Kanye West was escorted out of a Skechers USA, Inc. (NYSE: SKX) office on Wednesday after the footwear company said he arrived "unannounced and without invitation" at one of the company's corporate offices in Los Angeles. What Happened: West, also known as Ye, was...
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'How You Gone Kick Me Off Instagram': Kanye West Back On Twitter After Facing Potential Ban Elsewhere
Saturday, October 8, 2022 - 5:14pm | 709Rapper Kanye West, who also goes by Ye, posted on social media platform Twitter Inc (NYSE: TWTR) for the first time in nearly two years. The posts come as West may be banned from a rival platform. What Happened: For the first time since November 2020, West posted on Twitter Friday night. Among the...
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Kanye West's Feud With Adidas And Gap Heats Up: What's On The Line For Him And The Companies
Friday, September 9, 2022 - 6:47pm | 651In 2016, Kanye West's apparel brand Yeezy partnered with Adidas AG - ADR (OTCQX: ADDYY) for Adidas + Kanye West to manufacture footwear, apparel and accessories. This took place after West left Nike Inc (NYSE: NKE) in 2013 because Adidas was willing to give ...
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Yeezy Deal A Traffic Driver For The Gap, RBC Says In Upgrade
Wednesday, July 15, 2020 - 11:42am | 207Gap is a relative outperformer with catalysts ahead, according to RBC Capital Markets. The Gap Analyst: Kate Fitzsimmons upgraded The Gap from Sector Perform to Outperform with a price target lifted from $13 to $18. The Gap Takeaways: Fitzsimmons named the following as Gap...
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Yeezy Deal Not Enough To Save Gap, Analyst Says
Thursday, July 9, 2020 - 11:49am | 407Gap Inc (NYSE: GPS) shares are up 16.9% since the company announced an exclusive 10-year deal with Kanye West’s Yeezy brand in late June. However, one Wall Street analyst says Gap needs more than just Yeezy to overcome its near-term headwinds. The Gap Analyst: Bank of America analyst...
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Why The Gap's Stock Is Surging
Friday, June 26, 2020 - 11:08am | 149The Gap (NYSE: GPS) shares were trading higher Friday after it was reported the company has partnered with Kanye West's Yeezy brand. West, who used to work at a Gap store in Chicago as a teen, will see his clothing line appear in Gap stores in 2021. The line of clothing is called YEEZY Gap. The...
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Analysts Are Divided On Dick's Sporting Goods Despite Huge Q3 Beat
Wednesday, November 27, 2019 - 2:43pm | 589Dicks Sporting Goods (NYSE: DKS) shares skyrocketed after the retailer delivered a big third quarter earnings beat on Tuesday. The company reported a 6% comp gain, its strongest same-store sales since 2013. Premium Footwear Is Boosting Brand Image Following the positive report, Bank of America...
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Bank Of America Sees Upside In Dick's Sporting Goods, Upgrades To Buy
Monday, November 25, 2019 - 3:43pm | 348Bank of America analysts downgraded Dicks Sporting Goods Inc (NYSE: DKS) to Neutral in August, but the research firm now sees three reasons to turn bullish again on the retailer. The Analyst Robert Ohmes upgraded Dicks Sporting Goods from Neutral to Buy with a price target lifted from $43 to $55....