News

Not Just Kanye: Adidas Is Taking a Huge Loss On Beyonce Too

By HHL JT
pixel_start

Last week, Adidas came to an argument with Kanye West to sell their remaining $520 million worth of Yeezy product.

Adidas won't be continuing their relationship with Ye -- who they dumped over antisemitism --after they get rid of the inventory.  But the deal gives both sides a chance to recover some of the money from their failed relationship.

Adidas could use the cash because they are taking a bath on another celebrity: Beyonce.

Bey's Ivy Park line lost the sportswear manufacturer $200 million last year due to poor sales.

Adidas still pays Beyonce $20 million a year for the line.

pixel_end
Posted In: News Beyonce Kanye West
News Lil Baby Snatches Jack Doherty's Chain And Won't Give It Back Lil Baby Snatches Jack Doherty's Chain And Won't Give It Back / News News Sexyy Red Rips Ray J For Saying He Slept With Her Sexyy Red Rips Ray J For Saying He Slept With Her / News News Drake Sent Threatening Messages To Kendrick Lamar & His Team, Says DJ Akademiks Drake Sent Threatening Messages To Kendrick Lamar & His Team, Says DJ Akademiks / News News See Why People are Saying That 50 Cent Is Taking An L Because Of Diddy & Daphne Joy See Why People are Saying That 50 Cent Is Taking An L Because Of Diddy & Daphne Joy / News News Young Thug Asked About Gunna Being a Snitch Young Thug Asked About Gunna Being a Snitch / News News Report:  Drake's "Iceman" Album is Going To Blow Things Up Report: Drake's "Iceman" Album is Going To Blow Things Up / News