Adidas To Cut Dividend 80% After Losing $1.3 Billion Severing Ties With Kanye West
8th March 2023
Adidas announced on Wednesday that it would slash its dividend by 79% because severing ties with “Yeezy” designer Kanye West has decimated earnings to the tune of $1.3 billion.
What goes around, comes around. “Get woke, go broke.”