The recent downturn came shortly after the German sportswear giant announced the launch of the second sale of West’s Yeezy sneakers.
Adidas
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In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.
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This marks the first release of the Yeezy sneakers following the termination of Adidas’ collaboration with West in October 2022.
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Adidas claims that $75 million was transferred to two of Yeezy and West’s bank accounts, but both parties “mishandled virtually all of …
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The resurgence in Sawiris’ wealth can be primarily attributed to the impressive performance of his holdings in Adidas.
- North Africa
Egypt’s richest man Nassef Sawiris’ Aston Villa stake skyrockets by $13 million in 2023
As of the time of reporting, the market value of Sawiris’ holdings in Aston Villa has reached an impressive $147 million.
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In a display of joint financial prowess, Beyonce and her husband Shawn “Jay-Z” Carter have jointly amassed a fortune of $3.04 billion.
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While this marks a victory for West, the dispute is far from over as Adidas and Yeezy will now proceed with private …
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Gap’s lawsuit against West and his Yeezy brand focuses on unapproved alterations made to a rental property in Los Angeles.
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Sawiris remains the richest man in Egypt and the Arab world.