Showing posts with label Kanye West. Show all posts
Showing posts with label Kanye West. Show all posts

Wednesday, March 8, 2023

Adidas stuck with Yeezy gear after dropping Kanye

HERZOGENAURACH, Germany -- Adidas said Wednesday it was still weighing what to do with its huge inventory of Kanye West's Yeezy products after it ended its partnership with the controversial rapper.

Potentially not selling the apparel and shoes linked to West would lead to a revenue loss of 1.2 billion euros ($1.3 billion), the group said, announcing its 2022 full-year results.

Adidas halted its tie-up with West -- now known formally as Ye -- in October after he made a series of anti-Semitic outbursts.

As a result, the group ended production of the highly successful Yeezy line designed together with West.

"Should the company irrevocably decide not to repurpose any of the existing Yeezy product going forward," it would have to write-off the entire inventory, it said.

That would lower the company's operating profit by an additional 500 million euros in 2023, it said.

Along with one-off costs projected to reach 200 million euros related to a company strategic review, Adidas said it could end up with an operating loss of 700 million euros in 2023.

Bjorn Gulden, the group's new chief executive, said the company will use 2023 as a "transition year to build the base for 2024 and 2025".

"We need to reduce inventories and lower discounts. We can then start to build a profitable business again in 2024," he said.

Next year was shaping up to be a key one for sporting apparel companies, with both the European football championships and the Olympic Games taking place.

Adidas on Wednesday also said net profit fell heavily by 83 percent to 254 million euros in 2022, confirming preliminary results released in February.

Besides its woes over the Yeezy line, it was also facing "elevated recession risks in Europe and North America as well as uncertainty around the recovery in Greater China."

"The company's revenue development will also be impacted by the initiatives to significantly reduce high inventory levels," it added.

Agence France-Presse

Monday, August 31, 2015

Kanye West rants at VMAs, Miley Cyrus flashes breast


Taylor Swift won video of the year, Miley Cyrus briefly flashed one of her breasts and Kanye West ranted at the MTV Video Music Awards.

After Swift won the top prize for “Bad Blood,” Cyrus was backstage speaking and hiding behind a curtain, but one of her breasts appeared onscreen before the camera cut away. MTV said the clip will be removed from all future broadcasts.

Cyrus closed the show at the Microsoft Theater in Los Angeles with a performance, which started with the line: “Yeah, I spoke pot.”

She’s not the only one: West, who said he got high before going onstage on Sunday, gave a rambling speech as he apologized to Taylor Swift for taking her microphone in 2009, admitting “I don’t understand awards shows,” bashing MTV, and claiming he would run for president in 2020.

Swift presented West with the Michael Jackson Video Vanguard Award on Sunday night at the Microsoft Theater in Los Angeles.

“This arena tomorrow is gonna be a completely different setup, this stage will be gone. After that night, the stage was gone, but the affect that it had on people remained,” West said of running onstage during Swift’s speech at the 2009 VMAs. “The problem was the contradiction. The contradiction is I do fight for artists, but in that fight I somehow was disrespectful to artists. I didn’t know how to say the right thing, the perfect thing.”

It was just one of the dramatic moments at the awards show. Nicki Minaj called Miley Cyrus out at the MTV Video Music Awards after the 22-year-old said in an interview that the rapper was being a poor sport about not receiving a nomination for video of the year.

After collecting best hip-hop video for “Anaconda” on Sunday, Minaj told the audience: “And now back to this b—- that had a lot to say about me a lot in the press. Miley, what’s good?”

Minaj’s microphone was cut off, and Cyrus fired back with “we all know how they manipulate” words during interviews, referencing a pre-VMAs interview in the New York Times. Cyrus then stumbled over her words as she tried to read from cue cards about voting for the artist to watch award.

“I lost this award in 2008 and I was fine with it. Whatever! Because it’s no big deal. It’s just an award and I persevered,” she yelled, appearing to look over at Minaj.

She ended with: “Congratulations Nicki.”

In the recent interview, Cyrus criticized Minaj for her “pop star war” with Swift that began in July. On the show, however, that “war” appeared to be over, with Swift joining the rapper during her performance of the “The Night Is Still Young.” Both in red, Swift performed some of her hit, “Bad Blood,” and the two closed with a hug.

The beef began in July when the nominations were announced and Minaj, who had one of the most viewed videos of the year with “Anaconda,” was not up for video of the year. She tweeted that slim women easily earn top nominations and said black female entertainers don’t get enough credit for their influence on pop culture. Swift, the top nominee with 10 nods, thought the rapper was referring to her and they traded words online, but later apologized.

Swift’s wins included best female video and pop video for “Blank Space” and video of the year for “Bad Blood.”

“I know there’s been a lot of discussion about this video and what it means, but I’m just happy that in 2015 we live in a world where boys can play princesses and girls can play soldiers,” she said onstage after winning the top prize.

Justin Bieber returned to the big stage with slick dance moves to his hit “Where Are U Now” and new single, “What Do You Mean.” He was emotional by the end of the performance and cried onstage.

Tori Kelly was a vocal powerhouse during her performance of “Should’ve Been Us,” ending in a cappella to a rousing applause. The Weeknd’s smoky performance of “Can’t Feel My Face” was energetic and smooth, and even West, Swift and Selena Gomez got out of the chairs to dance to the upbeat track. And Demi Lovato brought a sexy vibe when she sang her anthemic “Cool for the Summer” outdoors with background dancers wearing bright colors that added to the song’s summer-feel.

Cyrus hosted the VMAs two years after she stole the show with a risque, but memorable performance with Robin Thicke, and a year after winning the top prize for “Wrecking Ball.” She took a selfie with people in the audience and asked them to yell: “Marijuana.”

“Ellen, you ain’t got nothing on this,” she said.

Cyrus announced at the end of the show that her new album is available online for free.

source: entertainment.inquirer.net

Friday, February 13, 2015

With a celebrity front row, Kanye West rolls out Yeezy shoes


NEW YORK— With Beyonce, Rihanna and Diddy among the front-row celebrity royalty, Kanye West rolled out his Yeezy Boost shoe line for Adidas on Thursday as his baby North fussed in mama Kim Kardashian’s arms next to a stone-faced Anna Wintour.

Models, men and women, wore minimal neutral tights or street wear in red, green and black to let the shoes shine in a tech-driven unveiling that included a simulcast to 42 theaters on three continents around the world.

A mysterious Yeezy website with a countdown clock had gone up last week to stoke excitement over the highly anticipated release, West’s inaugural collaboration with Adidas Originals.

An app was set up to take reservations for the gray suede high tops, to be collected and paid for at Adidas and other stores Saturday — in New York City only for the moment.

Reservations were full within minutes, an Adidas spokesman said. Only 9,000 pairs of the 750 Boosts will be sold, at $350 a pop, on Saturday with more available Feb. 28 worldwide.

Kanye’s voice was on blast talking about art, freedom and making a difference as the show opened in a cavernous space downtown. “I want people to feel like awesome is possible,” he declared. Then came the calming drone of a trumpet, followed by loud, edgy music as his models stood solemnly in rows. They marched in lockstep to take their turn in front of a scrum of cameras before walking off in single file to make room for the next line.

West has promised the presentation will be repeated over two days at 10 locations. Lucky ticket-holders who scored theater seats in countries ranging from Australia and Finland to France, Germany, Russia and the UK got to watch live.

Backstage after the show, West was chill and smiling, a pair of his new Yeezys with their thick white soles and wide strap across the laces in place. A side zip and front perforations complete the look of the lead style, which comes with a spare set of laces.

The rapper has big plans to create more Yeezys, for women and kids as well, after leaving Nike for Adidas more than a year ago.

He has spoken of the “isms” in fashion and in life — classism, elitism, racism. But on Thursday, after the crowd thinned out, he had no problems on his mind, refusing to talk about his Grammys diss of Beck, which he retreated from in a radio interview Wednesday.

“I just focus on beauty, fabric, proportion and try to get the price where the kids can get a hold of it,” he told The Associated Press of his Yeezys after urging fans to avoid “shoe wars” and thefts and be patient for more of the shoes to come.

How do the trainers symbolize Kanye?

“It’s not me. It’s the people,” he said. “I think that there’s something that people have been wanting and missing and this is my proposition, you know, to contribute in some way. I want to contribute to society through usable art.”

The star-studded presentation also drew Jay Z, Russell Simmons and Justin Bieber. Beyonce had a good time.

“I thought it was beautiful,” she said backstage after the show. “Very innovative. I loved how the ladies lined up.”

Also attending were Kardashian Momager Kris Jenner and Kim sisters Kendall and Khloe, who smiled from the front row against the backdrop of New York Fashion Week’s opening day and the NBA All-Star game this weekend.

source: lifestyle.inquirer.net

Monday, February 9, 2015

Taylor Swift, Kanye West reunite at Grammys 6 years after VMA gaffe


MANILA, Philippines—Six years after rapper Kanye West crashed Taylor Swift’s acceptance speech during the 2009 MTV Video Music Awards, the two were seen being chummy with each other during the 2015 Grammy Awards on Monday (Philippine time).

Entertainment Tonight reported that the two were seen clasping hands and posing for photos.

In 2009, Kanye stormed the stage and aired his sentiment on the VMA snub on Beyonce’s “Single Ladies” for Best Female Music Video as Taylor Swift’s “You Belong With Me” bagged the award.

“Yo, Taylor, I’m really happy for you, I’m [going to] let you finish — but Beyoncé had one of the best videos of all time,” Kanye infamously told a shocked Taylor.

During Monday’s Grammys, Kanye also poked fun at himself by repeating his 2009 VMA act as he tried to interrupt Beck’s speech for winning Album of the Year for “Morning Phase.”

However, in an interview with E! Online after the awards show, Kanye revealed that he has an issue with Beck’s win.

“I don’t even know what [Beck] said. I just know that, the Grammys, if they want real artists to keep coming back, they need to stop playing with us. We aren’t going to play with them no more. ‘Flawless.’ Beyoncé’s video. And Beck needs to respect artistry, he should have given his award to Beyoncé,” the rapper said. AJH

source: entertainment.inquirer.net

Friday, March 28, 2014

Will ‘Kimye’ be the death of Vogue?


Kim Kardashian and Kanye West couldn’t be happier that they finally got their Vogue cover. As for the rest of the world—not so much.

Did the magazine sell out?

When news broke that Anna Wintour just granted Kim Kardashian’s wish by putting her and fiancé Kanye West on the cover, some thought that this was simply some April Fools’ joke. And when the Internet finally came around to the fact that “Kimye” had indeed landed the cover of the world’s most prestigious fashion magazine, readers did not take Wintour’s decision lying down.

The reaction was instant and vicious. Actress Sarah Michelle Gellar’s tweet, “Well… I guess I’m canceling my Vogue subscription. Who is with me???” was “favorited” and retweeted thousands of times.

And thanks to the magic of Photoshop, retribution against fashion’s elite magazine has been laughable. Celebrities like Seth Rogen and James Franco, and even Kermit and Miss Piggy have swapped out Kimye—fans even deemed such spoof covers a vast improvement over the original.

And despite the bride- and groom-to-be being given the “Vogue treatment”—photographed by famed photographer Annie Leibovitz, and wearing Lanvin and Saint Laurent, respectively, in a mock-wedding photo pose—the outrage has not been limited to Twitter. Vogue’s Facebook page has been flooded with hundreds of seething messages and comments. Said one: “I’m sick and tired of your posts about Kim Kardashian, that’s why I will unlike your page. You were a magazine with a serious status. Now you remind me of Hello! Magazine (which is better ’cause it’s cheaper for what it offers). Go back to designers, artists, actors and models and maybe I’ll re-like you. Tired of D class reality hookers.”

Added another: “Seriously Vogue??? You consider this stylish??? What is happening to Vogue!!!”

The idea of Vogue, and what it represented, is a concept that the magazine invented. Being a reader myself of the magazine for many years, Vogue has a reputation of featuring only, shall we say, in a more polite fashion, A-list stars on its covers. You know, the supermodels, the Oscar-winning actresses, the Grammy-winning singers and pop stars who have graced the covers of Vogue have trained loyal readers to instinctively note what is and isn’t Vogue.

Kimye, most especially Kim, doesn’t exactly fit into these groups. From her sex tape scandal past to her self-promoting present, she’s a vulgar reality show star who basically represents everything that isn’t Vogue. Putting her on the cover, with Kanye peeking from behind, is an obvious branding faux pas.

Question is, did Wintour make the right decision, or will it lead to a mass exodus of dismayed loyal readers?

The criticisms from readers shouldn’t come as a surprise to anyone, including Wintour. If you read Wintour’s editor’s note, she already anticipated the flak, and any rumors of ill will between fashion’s gatekeeper and the talked-about couple have been crushed, according to Wintour’s letter from the editor.

She said: “Part of the pleasure of editing Vogue, one that lies in a long tradition of this magazine, is being able to feature those who define the culture at any given moment, who stir



things up, whose presence in the world shapes the way it looks and influences the way we see it. I think we can all agree on the fact that that role is currently being played by Kim and Kanye to a T. (Or perhaps that should be to a K?)… As for the cover, my opinion is that it is both charming and touching, and it was, I should add, entirely our idea to do it; you may have read that Kanye begged me to put his fiancée on Vogue’s cover. He did nothing of the sort. The gossip might make better reading, but the simple fact of the matter is that it isn’t true.”

While it’s unlikely that putting Kim Kardashian on the cover will put Vogue out of business, it is a prestigious brand that has been around for more than a century. It’s a move that might have not been consistent with the magazine’s branding, but it was a clever, shrewd tactic, especially for a business-minded editor like Wintour.

Kimye have about 30 million combined Twitter followers, as opposed to Vogue’s less than 4 million. In an age when the Internet is killing the print business, Wintour’s move was a strategic one to help the magazine sell more copies, which has reportedly declined by more than 10 percent since 2012.

With all the publicity the cover is getting, Wintour will surely achieve just that.

And after the collective discontent over this issue’s cover, notice that something seems to be changing with the magazine’s cover models—starting with the curvier Lena Dunham, then Rihanna, and now Kim. It’s almost as if these are signs of Vogue’s own way, and Wintour’s, I might add, of adapting to and recognizing that the business model it created in the past is no longer sustainable.

Under Wintour’s direction, Vogue, after all, has featured the likes of The Spice Girls and Britney Spears, and has been angling toward more celebrity-driven coverage for decades.

For those of you who really can’t stand Kim, not to worry. I’m betting that Wintour’s next cover subject will be someone all girls are loving right now—

someone more Vogue like Lupita Nyong’o, perhaps?

source: lifestyle.inquirer.net