List of All Articles with Tag 'pce'

Nearly seven months on from Adidas parting ways with rapper Kanye West, and the sportswear brand reportedly still has $1.3 billion of unsold Yeezy stock in its warehouses. The decision from Adidas to split from West - otherwise known as Ye - came back in October last year came after the 45-year-old made antisemitic remarks both in interviews and online. But now, Adidas has to decide what to do with the remaining stock of the popular shoe as the company attempts to turn its fortune around after it abruptly ended its partnership with West and his Yeezy brand, with 400 million euros ($441 million) in lost sales at the start of the year. Sign up to our free Indy100 weekly newsletter Though Adidas is "getting closer and closer to making a decision" on what to do with the sneakers and the “options are narrowing,” new CEO Bjorn Gulden said, as per Associated Press. He became in charge back in January this year, three months after Adidas terminated it's partnership with Ye. However, a decision has not yet been reached due to "so many interested parties," he added. Gulden did not confirm whether the option to destroy the shoes had been ruled out but noted that this is something it is the company is "trying to avoid." Meanwhile other options have their own downsides, since selling the shoes would mean Ye would need to be paid royalties, removing brand identification would be dishonest. Giving the shoes away for free sounds like a nice idea in theory but this could cause them to be resold at a higher market price. Gulden is also remaining tight-lipped on the exact quantity of stock that is left since he believes if consumer are aware of this number it "could have an impact on demand," as per AP. The CEO admitted losing Yeezy is "of course hurting us" and if Adidas decides not to sell the remaining shoes, it could reduce earnings by 500 million euros this year. Net sales declined 1 per cent in the first quarter, to 5.27 billion euros, and would have risen per cent with the Yeezy line, the company said. As a whole, Gulden described 2023 as a "a year of transition" with "a better ’24 and a good ’25" as the German sportswear business continues without the Yeezy brand. Elsewhere, Adidas found itself being sued by investors last week who allege the company knew about Ye’s offensive remarks and harmful behaviour years before the termination and failed to take precautionary measures to limit financial losses. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Republican House Speaker Kevin McCarthy rejected the possibility of a short-term debt-limit extension hours ahead of a meeting

Christopher Nolan's nuclear thriller "Oppenheimer" has debuted a tense new trailer.

A New Mexico judge has awarded $1.15 million to a medic who worked on the “Rust” film set

The Eurovision Song Contest is returning to the U.K. for the first time in 25 years, but its heart will be in Ukraine

Halle Bailey has earned praise for the “perfect” Ariel-inspired dress she wore to the premiere of The Little Mermaid. On 8 May, Bailey, who plays Ariel in the upcoming live-action Disney remake, arrived on the red carpet in Los Angeles in a metallic blue Valdrin Sahiti gown with a shell-shaped structured neckline that resembled the mermaid’s iconic seashell top. Bailey paired the shimmering blue gown with teal eyeshadow, glittery blue nails and diamond earrings, with the result an outfit worthy of the film’s titular character. On social media, the “Do It” singer’s look has been met with joy from fans, with many declaring the gown a perfect interpretation of Ariel. “Halle Bailey looked absolutely amazing at the premiere of #TheLittleMermaid. The dress was perfect for this event because it looked so mermaid-like,” one person tweeted, while another said: “I am so obsessed with Halle Bailey’s dress for The Little Mermaid premiere!! She looks so beautiful omg.” Someone else described the outfit choice as an “aquatic serve,” while another person admitted that the gown left them “speechless”. “Still not over Halle Bailey’s dress,” one person tweeted. Others were appreciative of the fact that the dress did not prevent Bailey from interacting with young fans, with a video showing the star bending down to greet and embrace Offset and Cardi B’s daughter Kulture, five, during the premiere. The Migos rapper, who dressed in a Prince Eric-inspired outfit for the occasion, attended the premiere alongside Kulture and his daughter Kalea, eight, who were both dressed in miniature ball gowns. “It’s that fact that she can get down that low in this dress that looks like it is PAINTED on [her] body is amazing to me lol I love it,” one fan tweeted along with a video of the sweet moment between Bailey and Kulture. Although the official release of the live-action version of the 1989 Disney film is still weeks away, the remake has already earned praise from critics. Jodi Benson, who voiced Ariel in the animated version of the film, shared her delight with Bailey’s interpretation of the role at the premiere, with Benson telling Entertainment Tonightthat the actress doesn’t need any advice from her because she’s “brilliant”. “[Halle Bailey] doesn’t need any advice from me, she’s brilliant!” she said with a grin. After praising Bailey’s “purity of heart, vulnerability and bravery” in the role, Benson added: “I’m so thrilled for her, and I’m so proud of her.” Bailey’s sister Chloe also applauded her sister, telling ET that “there could not be a more perfect Ariel”. “To know that all of those beautiful girls will be able to see proper representation, whether you’re black or white or anything like that, you’ll be able to look at my sister and say ‘I can be anything I want to be no matter what the world tells me is acceptable,’” she said. “There could not be a more perfect Ariel.” The Little Mermaid will be released on 26 May 2023. Read More The Little Mermaid first reactions praise Halle Bailey as a ‘perfect’ Ariel Little Mermaid dolls based on Halle Bailey unveiled Little Mermaid fan refuses to let go of actor Halle Bailey after they meet at Disney World

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It's been five years since Meek Mill was released from prison after a sentence for a probation violation that sparked controversy and spurred the #FreeMeekMill movement.

The late pop superstar Prince will be honored with a renamed stretch of highway that runs past his Paisley Park museum and recording studios

Rita Lee was one of Brazil's best-known rock singers, known for her independent spirit and creativity.

President Vladimir Putin on Tuesday vowed Russia would be victorious in Ukraine during a military parade on Red Square and blamed Western countries for the conflict, comparing the...

Robert De Niro hasn't revealed who the mother of the child is, but his girlfriend Tiffany Cheng was seen sporting a baby bump in March