The world this week | Business

Business

Yeezy shoes made by Adidas are displayed at Kickclusive, a sneaker resale store, in Paramus, N.J., Tuesday, Oct. 25, 2022. Adidas has ended its partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks, the latest company to cut ties with Ye and a decision that the German sportswear company said would hit its bottom line. (AP Photo/Seth Wenig)

Adidas, a German sportswear-maker, joined Balenciaga, a fashion label owned by Kering, a luxury-goods conglomerate, in cutting ties with Kanye West, a rapper and fashion designer, for his anti-semitic remarks. The decision is set to cut Adidas’s annual profits in half this year.

This article appeared in the The world this week section of the print edition under the headline “Business”

The world this week October 29th 2022

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