Adidas is saying it's in a serious pinch financially ... and the company's pointing fingers at its split from Kanye West as the reason why.
Based on the financial report, it doesn't seem like that's working.
The statement says it could lose another $534 mil if it pulls the plug on repurposing the remaining Yeezy stash -- CEOadds,"The numbers speak for themselves. We are currently not performing the way we should." He says 2023 is a year of transition for the brand.FYI -- we reported there's a clause in Ye's contract with Adidas that says he could get a
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