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Adidas says it plans to sell its remaining Yeezy sneakers – and it doesn't want to make a loss
Adidas said that it had sold Yeezy stock worth 1.2 billion euros in ... and the company to record an operating profit of around 500 million euros.
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Adidas makes major announcement in Yeezy controversy
As stated in the earnings report, the Yeezy shoe stock has shrunk from €500 million to €50 million, and the company plans to ...
Adidas To Cut 500 Corporate Jobs: Company Structure 'Too Complex'
The chief executive officer Bjoern Gulden of Adidas AG will cut 500 roles based at its headquarters in Herzogenaurach as the company outperformed projected sales for the retro sneakers.