Adidas To Cut Dividend 80% After Losing $1.3 Billion Severing Ties With Kanye West.. Might be forced into “literally burning the shoes
Adidas announced on Wednesday that it would slash its dividend by 79% because severing ties with “Yeezy” designer Kanye West has decimated earnings to the tune of $1.3 billion. Last month we noted that shares of Adidas AG crashed on …