Adidas apologizes for Bella Hadid ad linked to 1972 Munich Olympics
The German-based sportswear company drew criticism from Israel for including supermodel Bella Hadid in the advertising for the SL72 shoes.
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The German-based sportswear company drew criticism from Israel for including supermodel Bella Hadid in the advertising for the SL72 shoes.
Though smaller than Nike and Adidas, New Balance is older than its primary competitors, and with sales of $6.5 billion in 2023 (an increase of 23% over the previous year), the Massachusetts-based company best known for running shoes is growing fast. "Sunday Morning" contributor Kelefa Sanneh checks out how New Balance is finding a balance between both fashion and performance.
The jerseys will be worn by the men's team for the 2024 UEFA European championship, which will take place in Germany.
Athletics brand used a male-presenting model to show off a one-piece bathing suit for a Pride month ad campaign.
"Burning is not the solution," CEO Bjørn Gulden said this week at company's annual shareholders' meeting in Germany.
Adidas split with the rapper formerly known as Kanye West in October.
Adidas investors say company executives knew about the problematic behavior of Ye, formerly known as Kanye West, for years before the company ended its relationship with the artist.
Sportswear company previously claimed that BLM's three-stripe design too closely resembled its own iconic logo.
The German shoe brand expects to just break even this year, with its sales reduced by $1.3 billion.
The shoe and apparel brand's CFO said in an earnings call that Adidas is the "sole owner of all design rights related to existing product."
"My jurisdiction extends to the northern half of Times Square and I am banning Kanye from coming north of Bubba Gump Shrimp," Stephen Colbert quipped on-air.
After ending its deal with the rapper, sportswear giant is expected to sell unreleased Yeezy designs under its own label.
German sneaker giant Adidas cut ties with rapper and designer Kanye West after he made a series of antisemitic remarks. Critics said Adidas was putting profit ahead of ethics, as the company earned nearly $2 billion in annual sales from West's Yeezy brand. Jonathan Vigliotti has more.
Sports apparel giant calls the rapper's recent remarks about Jewish people "unacceptable, hateful and dangerous."
The nonprofit's CEO Jonathan A. Greenblatt said Adidas is set to release a shoe from the line in the "run-up to the anniversary of the Pittsburgh synagogue massacre."