Adidas

Multiple groups of U.S. lawmakers have sought reassurances this week about clothing giant Shein and other brands facing allegations their products use forced Chinese labor or material from regions where such conditions allegedly occur.

On May 2, a group of lawmakers sent letters to the CEOs of Adidas, Nike, Shein and Chinese shopping app Temu with questions about their supply chains.

Sportswear manufacturers Adidas and Lululemon have applied the findings that Slovenian researchers have made about differences between human feet to design brand new pairs of women's trainers.

Kanye West lost $2 billion in a single day, he said on Oct. 27, as business partners rushed to dump the rapper in the wake of a series of anti-Semitic outbursts.

The music and fashion mogul has seen lucrative commercial tie-ups shelved as companies including Adidas and Gap took fright at comments dubbed hate speech by activists.

German sportswear giant Adidas said on Oct. 24 it was ending its partnership with Kanye West after a series of anti-Semitic outbursts by the controversial rapper.

Recent comments by West - now known formally as Ye - were "unacceptable, hateful and dangerous," Adidas said in a statement.

While the sportswear trend in shoes, which has come to the fore with the pandemic, continues, Türkiye is becoming a base in the production of sports shoes.

German sportswear heavyweight Adidas on Friday reported a drop in its profits in the first quarter, as widespread coronavirus lockdowns hurt business in key market China.    

The group's net profit from its continuing operations fell to 310 million euros ($326 million), from 502 million euros in the same quarter last year.     

Adidas is second

Adidas is second

Adidas announced an ambitious four-year plan called “Own the Game”, which centers around a shift towards a DTC-led business model

Financial Crimes Squad (SDOE) investigators are working with a courier company to ascertain the exact size of a knock-off sneaker racket that is believed to have sold at least 3.27 million euros' worth of merchandise to consumers in Greece.