The sportswear giant could miss out on more than $1 billion after severing ties with the controversial rapper Adidas’ decision to end its partnership with rapper Kanye West could push the sportswear company’s operational losses past $1 billion in lost earnings, its chief executive has said. The apparel giant announced in October that it would not be continuing its nine-year relationship with West after he posted a series of anti-Semitic statements on social media. In a statement released on Thursday, Adidas said its financial planning for the forthcoming year reflects “significant adverse impact from not selling t
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