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

Discuss

Beef Kanye Was Salty At Nas For Rapping Off Beat & Not Appreciating Him Kanye Was Salty At Nas For Rapping Off Beat & Not Appreciating Him / Beef Beef SZA Mocks Beyonce In Unearthed Messages SZA Mocks Beyonce In Unearthed Messages / Beef News Kanye Explains How The Industry & The Illuminati Created Cardi B Kanye Explains How The Industry & The Illuminati Created Cardi B / News News Cardi B Responds To Kanye West Calling Her An Industry Plant Who Doesn't Write Cardi B Responds To Kanye West Calling Her An Industry Plant Who Doesn't Write / News News Kanye West Dissed By 'Jesus Is King 2' Producer For Album Leak Kanye West Dissed By 'Jesus Is King 2' Producer For Album Leak / News News Report:  Kanye to Drop Album On Drake's Spot Report: Kanye to Drop Album On Drake's Spot / News