Adidas to Sell Yeezy Shoes , and Donate Proceeds.
CEO Bjorn Gulden made the announcement
at a shareholder meeting on May 11,
'The Washington Post' reports. .
Adidas had previously considered destroying the merchandise after cutting ties with
Kanye West over his antisemitic remarks. .
Adidas had previously considered destroying the merchandise after cutting ties with
Kanye West over his antisemitic remarks. .
The company also considered rebranding or liquidating the merchandise.
Ultimately, they settled
on donating the proceeds.
Burning is not the solution, Bjorn Gulden, Adidas CEO, via shareholder meeting.
What we are trying to do over time is to sell parts of these goods and then donate to organizations that help us and that also have been hurt by Kanye’s statements, Bjorn Gulden, Adidas CEO, via shareholder meeting.
Analysts estimate that the unsold stock
is worth about $500 million.
It's not clear if part or
all of the proceeds will be donated. .
Adidas shares rose 2%
after the announcement.
However, the company is also facing a lawsuit from investors who allege Adidas knew about West's behavior years before ending their partnership and failed to act sooner
Credit: Wibbitz Top Stories Duration: 01:31Published
Yeezy Shoes Are Still Piled Up in Warehouses , After Adidas Split With Ye.
Adidas ended its partnership with
Kanye West over his antisemitic
comments almost seven months ago.
Associated Press reports that Adidas still has $1.3 billion worth of unsold Yeezy shoes. .
On May 5, CEO Bjorn Gulden said the company is "getting closer and closer to making a decision" about what to do with the shoes.
Gulden also revealed the company had lost $441 million in sales at the beginning of 2023.
However, there are "so many interested parties" and "options are narrowing" when
it comes to the Yeezy shoes, Gulden said. .
Previously, Gulden said selling them would
mean Ye would receive royalties, restitching
them would be dishonest, and providing them to people in need could lead to them being resold.
Adidas faces another issue
involving its ties to Ye, AP reports.
Investors recently filed a lawsuit claiming that Adidas knew about Ye's offensive behavior years before ending their partnership and failed to take appropriate action to reduce financial losses.
Adidas denies "these unfounded claims
and will take all necessary measures to vigorously defend ourselves against them."
Credit: Wibbitz Top Stories Duration: 01:31Published
Adidas Shareholders , Initiate Class Action Lawsuit , Related to Kanye West.
Adidas Shareholders , Initiate Class Action Lawsuit , Related to Kanye West.
The lawsuit claims that Adidas leadership was aware of the potential for brand harm due to Kanye West's volatile "personal behavior" ...
... but did not sufficiently warn investors.
A spokesperson for Adidas denied the accusations via a press statement.
We outright reject these unfounded claims and will take all necessary measures to vigorously defend ourselves against them, Statement, Adidas Spokesperson, via NBC News.
The shareholder lawsuit describes the immense popularity of the Yeezy brand.
The Yeezy shoes were extremely popular. By 2019, sales of Yeezy shoes hit over $1 billion. , Adidas Shareholder Lawsuit, via NBC News.
Further, Kanye West accumulated significant wealth as a result of the Partnership. , Adidas Shareholder Lawsuit, via NBC News.
By September 2019, Forbes ranked him as the Number 1 highest-paid hip-hop star, largely as a result of
the Partnership, Adidas Shareholder Lawsuit, via NBC News.
The shareholders contend that by not warning them as to the nature of West's mental health, .
... Adidas' leadership "intended to deceive" investors or "acted with reckless disregard for the truth.".
The lawsuit cites public statements made by Adidas CEO Kasper Rorsted that seem to disregard the potential
for major controversy.
Rorsted also stated that West and the Yeezy footwear brand are a 'very important part of our brand from a revenue standpoint and how we promote our products.', Adidas Shareholder Lawsuit, via NBC News.
[Adidas] ignored serious issues affecting the Partnership [with Ye] and the resulting potential risk to shareholders, Adidas Shareholder Lawsuit, via NBC News.
The lawsuit goes on to cite how annual reports from 2019 through 2021 "otherwise failed to mention risks relating to the Partnership."
Credit: Wibbitz Top Stories Duration: 01:31Published
Adele Will Be James Corden’s , Final ‘Carpool Karaoke’ Guest.
CBS made the announcement on April 24.
During their second ‘Carpool’ together – and Corden’s last one as host of 'The Late Late Show' – Adele surprises her longtime friend at home in the morning, waking him up and offering to drive the late-night host to work. , CBS, via statement.
Once in the car, Adele then turns the tables on Corden, asking him about past 'Carpools,' pivotal moments in their friendship (including the time he tried, unsuccessfully, to prank her), , CBS, via statement.
... and even a song she wrote that was inspired by an emotional conversation they shared, CBS, via statement.
Adele last appeared on
'Carpool Karaoke' seven years ago.
The episode, which featured the
singer rapping Nicki Minaj's part in
Kanye West's "Monster," went viral.
CNN reports that Corden announced last year that he would be leaving 'The Late Late Show.'.
When I started this journey, it was always going to be just that. It was going to be a journey, an adventure.
I never saw it as my final destination. , James Corden, via April 2022 statement.
I never want this show to overstay
its welcome in any way. I always want to love making it. And I really think
in a year from now, that will be a
good time to move on and see
what else might be out there, James Corden, via April 2022 statement.
Corden has hosted 'The Late Late Show'
for eight seasons
Credit: Wibbitz Top Stories Duration: 01:30Published
New Study Sheds Light , on Health Risks Associated With , Ultra-Processed Foods.
NPR reports that ultra-processed foods dominate
the food supply, making up almost 60% of what a
majority of adults eat and almost 70% of kids' diets. .
Ultra-processed foods are made from manufactured
ingredients that have been processed
to create shelf-stable and convenient meals.
Ultra-processed foods are made from manufactured
ingredients that have been processed
to create shelf-stable and convenient meals.
NPR reports that consumption of ultra-processed foods
has been connected with a range of health concerns that
include obesity, hypertension, cancer and premature death.
Four of the top six killers are related
to an inadequate diet, which in the U.S.
is probably largely due to convenient, safe,
inexpensive food that we eat too much of, Christopher Gardner, Director of nutrition
studies at Stanford University, via NPR.
Four of the top six killers are related
to an inadequate diet, which in the U.S.
is probably largely due to convenient, safe,
inexpensive food that we eat too much of, Christopher Gardner, Director of nutrition
studies at Stanford University, via NPR.
Too much of it leads to
obesity and type two diabetes
and heart disease and cancer, Christopher Gardner, Director of nutrition
studies at Stanford University, via NPR.
Kevin Hall, a senior investigator at the National Institutes of Health,
designed the first randomized controlled trial comparing
an ultra-processed diet to one based on less processed foods.
Kevin Hall, a senior investigator at the National Institutes of Health,
designed the first randomized controlled trial comparing
an ultra-processed diet to one based on less processed foods.
What we saw was that when they were on
the ultra-processed diet, they were eating
about 500 calories per day more than when
they were on the unprocessed diet and they
were gaining weight and gaining body fat, Kevin Hall, Senior investigator at the National
Institutes of Health, via NPR.
What we saw was that when they were on
the ultra-processed diet, they were eating
about 500 calories per day more than when
they were on the unprocessed diet and they
were gaining weight and gaining body fat, Kevin Hall, Senior investigator at the National
Institutes of Health, via NPR.
NPR reports that the study suggests that
the highly processed nature of these foods drive people to overeat and gain weight.
NPR reports that the study suggests that
the highly processed nature of these foods drive people to overeat and gain weight.
If we can figure out what it is about
ultra-processed foods that drives people
to overeat and gain excess weight, then we
can at least then target which ones to avoid, Kevin Hall, Senior investigator at the National
Institutes of Health, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
Learning How To
Lose Gracefully , Could Change Your Life.
None of us want to lose, .
and failure can be painful.
NPR reports you can transform your life by getting better at losing. Here's how:.
Get Disappointed.
As adults, we're expected to be able to deal with adverse situations in socially acceptable ways.
But we still feel angry, and we still feel sad.
Experts say a common trait among
sore losers is an unwillingness to
"take ownership of their own fallibility.".
To avoid being a sore loser, practice the core components of self-compassion, mindfulness, human commonality and self-kindness.
Perspective.
After a loss, it's difficult to separate
your bruised ego from reality.
Experts say before you start
criticizing yourself, pause and consider this:
When was the last time you
noticed someone else's mistake?.
I like to remind my clients,
and sometimes myself,
that probably about 90 percent
of everything everybody does is about them and not about us. , Dr. Adia Gooden, licensed clinical psychologist, via NPR.
People are not talking
for days and being like,
Oh my gosh, can you believe they had a typo on slide three? , Dr. Adia Gooden, licensed clinical psychologist, via NPR.
We All Lose,
That's Okay.
Remember losing is often unavoidable.
Approach the situation
with honesty and humility.
Experts say losing is "an experience
that is as universal as it gets." .
Don't let an "L" hold you back from greatness.
The great losers are the people who are able to recognize that a loss is
just one step in a process. , Sam Weinman, author and sports journalist, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
How to Be , More Timely.
Have you been rolling out
of bed with minutes to spare?.
Maybe you've been wondering to yourself: "where does all the time go?".
Strive to be on time with these helpful tips:.
Timeliness as
a Sign of Respect.
Being timely can project respect for ourselves and others.
I think it's very important to be on time. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
You can always let time pass, but you can't
get it back once it's already gone. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
Plan Ahead.
For the chronically late, experts say it helps to have a plan.
There's a lot of steps
that I think people just don't consider. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
There's a lot of steps
that I think people just don't consider. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
Help yourself by picking out tomorrow's outfit today. Pack your bag, and confirm appropriate directions before you depart.
Be Honest With Yourself and Others.
Everybody is late for something now and then. True character is how you respond to it.
If you know you're going to be late to something, the very best thing you can do is communicate right away, Rashelle Isip, professional organizer-productivity consultant, via NPR.
If you know you're going to be late to something, the very best thing you can do is communicate right away, Rashelle Isip, professional organizer-productivity consultant, via NPR.
It's not thinking about it and then calling or texting
30 minutes later.
It means right at that moment. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
It's not thinking about it and then calling or texting
30 minutes later.
It means right at that moment. , Rashelle Isip, professional organizer-productivity consultant, via NPR
Credit: Wibbitz Top Stories Duration: 01:30Published
Daniel Penny Maintains , NYC Subway Death of Jordan Neely , Not Race Related.
NPR reports that U.S. Marine Daniel Penny insisted in
his first interview since fatally choking Jordan Neely
that the confrontation "had nothing to do with race.".
Everybody who's ever met me can tell
you, I love all people, I love all cultures. , Daniel Penny, Former U.S. Marine, via NBC.
I was actually planning a road trip
through Africa before this happened, Daniel Penny, Former U.S. Marine, via NBC.
The 24-year-old Penny faces a felony charge of
second-degree manslaughter for the death of
Neely, a 30-year-old man who was homeless. .
The 24-year-old Penny faces a felony charge of
second-degree manslaughter for the death of
Neely, a 30-year-old man who was homeless. .
The May 1 altercation saw Penny, who is white,
place Neely, who was Black, in a chokehold for several
minutes, which resulted in the death of Neely.
NPR reports Penny called Neely's death
a tragedy and said that the real blame
should be placed on 'the system.'.
It's tragic what happened to him.
Hopefully, we can change the system
that's so desperately failed us, Daniel Penny, Former U.S. Marine, via NBC.
Penny's arrest came over a week
after the incident following protests
calling for charges against him.
Activists have compared Neely's death
to the deaths of Eric Garner and George Floyd,
who were both killed by white police officers. .
Penny has maintained that race
had nothing to do with his actions,
which resulted in Neely's death. .
I judge a person based on
their character. I'm not
a white supremacist, Daniel Penny, Former U.S. Marine, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Taco Bell Files Petition , to End ‘Taco Tuesday’ Trademark.
Smaller restaurant chain Taco John's trademarked "Taco Tuesday" in 1989, NPR reports. .
On May 16, Taco Bell petitioned the U.S. Patent and Trademark Office to reverse the trademark so that it can use the phrase without legal ramifications.
The Registration potentially
subjects Taco Bell and anyone else who wants to share tacos with the world to the possibility of legal action or angry letters if they say 'Taco Tuesday' without express permission from Registrant – simply for pursuing happiness on a Tuesday, Taco Bell, via petition.
This violates an American ideal: 'the pursuit of happiness.', Taco Bell, via petition.
Nobody should have exclusive
rights in a common phrase. Can you imagine if we weren't allowed to say 'what's up' or 'brunch?' Chaos, Taco Bell, via petition.
Jim Creel, Taco John's CEO, issued a statement.
I'd like to thank our worthy
competitors at Taco Bell for reminding everyone that Taco Tuesday is best celebrated at Taco John's, Jim Creel, Taco John's CEO, via statement.
When it comes right
down to it, we're lovers, not fighters, at Taco John's. , Jim Creel, Taco John's CEO, via statement.
But when a big, bad bully
threatens to take away the mark our forefathers originated so many decades ago, well, that just rings hollow to us. If 'living más' means filling the pockets of Taco Bell's army of lawyers, we're not interested, Jim Creel, Taco John's CEO, via statement.
NPR reports that Taco John's "has about 400 locations
in 23 states," while Taco Bell has over 7,200 U.S.
locations and "1,000 restaurants across 30 countries."
Credit: Wibbitz Top Stories Duration: 01:31Published
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