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Adidas Slashes Dividend Amid Fallout From Kanye West Breakup

Por: Forbes Business March 08, 2023

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Topline German sportswear giant Adidas unveiled plans to slash its dividend on Wednesday, reiterating warnings the company could face its first annual loss in decades following the costly decision to split with rapper and designer Kanye West and scrap their lucrative joint brand, Yeezy. Adidas cut ties with Ye last year. Getty Images Key Facts Adidas it will propose an annual dividend of $0.74 (0.70 euros) per share at its annual general meeting... + full article



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