Gross margin expanded 2 percentage points to 51.3%, despite the hit from “this year’s significantly smaller and less profitable Yeezy business,” and net income soared 70% to 476 million ...
The partnership was one of the most successful sportswear tie-ups in history and the resulting Yeezy range went on to help make West a billionaire. Ending the partnership in 2022 left Adidas with ...
The company ended its partnership with West’s popular Yeezy fashion line and the split reportedly cost both parties hundreds of millions of dollars. A year later, however, Gulden defended West.