Adidas Wins Appeal Filed by Shareholders

Adidas has won an appeal filed by shareholders who accused it of hiding misconduct by rapper-entrepreneur Kanye West – now known as Ye - before their partnership broke down in 2022. A San Francisco court said the sportswear giant did not mislead investors, who claimed they had lost money after Adidas shares plunged when it cut ties with West. The Yeezy tie-up with West had been one of Adidas' most successful partnerships, but its collapse after a spate of anti-Semitic comments by the rapper cost the brand hundreds of millions of dollars.