H1 results put cost of Kanye cancellation at €400m for adidas
08/08/2023
Sports group adidas has reported revenues of €10.6 billion for the first six months of 2023, a fall of 3% year on year.
It said the discontinuation of its Yeezy business represented “a drag of around €400 million” on its results for the first half of this year compared to the same period in 2022.
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