Celebrity
Yeezy Shoes Still Stuck In Limbo After Adidas Split With Ye
FRANKFURT, Germany — It’s been over seven months since Adidas split with Kanye West, and crates of his popular Yeezy trainers are still piling up in warehouses.
The destiny of 1.2 billion euros ($1.3 billion) in unsold Yeezy goods weighs heavily on the German sportswear firm as it attempts to recover from the loss of the profitable sneaker line and the ongoing fallout from its past links to Ye.
Adidas is “getting closer and closer to making a decision” on what to do with the trainers, and the “options are narrowing,” according to new CEO Bjorn Gulden in a conference call Friday, following a figure of 400 million euros ($441 million) in lost sales at the start of the year.
However, he said no conclusion had been reached because “so many interested parties” were involved in the conversations.
Adidas is stuck with stacks of its signature Yeezy brand sneakers after severing ties with Ye in October due to his antisemitic and other hateful comments on social media and in interviews.
Gulden, who took over as CEO following the Ye split in January, declined to say whether destroying the shoes had been ruled out but said the firm was “trying to avoid that.”
He has previously stated other solutions have drawbacks: selling the trainers would include paying royalties to Ye, restitching them to erase the brand identification would be dishonest, and giving them out to people in need could lead to resale due to their high market value.
Gulden refused to reveal how many pairs of Yeezy shoes Adidas is stuck with “because then the consumer would know how many we have, and that could have an impact on demand.”
“Of course, losing the Yeezy brand is hurting us,” Gulden stated. According to the Herzogenaurach-based company, if Adidas does not sell the remaining Yeezy stock, earnings will be reduced by 500 million euros this year.
Gulden refused to reveal how many pairs of Yeezy shoes Adidas is stuck with.
According to the corporation, net sales fell 1% in the first quarter to 5.27 billion euros but would have increased 9% with the Yeezy line. It reported a net loss of 24 million euros, compared to a profit of 310 million euros at the same time the previous year.
Operating profit, which includes key factors like taxes, fell to 60 million euros from 437 million euros the previous year.
Gulden stated that Adidas’ performance was “a little better than we had expected” as the firm strives to relaunch growth and move past its split with Ye. He described 2023 as a “year of transition” on the road to “a better ’24 and a good ’25.”
The corporation is also dealing with additional issues related to the artist. Investors filed a lawsuit against Adidas in the United States a week ago, arguing that the firm was aware of Ye’s hateful words and detrimental behavior years before the breakup and failed to take preventative measures to limit financial losses.
The complaint, filed on behalf of those who purchased Adidas securities between May 3, 2018, and February 21, 2023, cited 2018 comments in which Ye stated slavery was a “choice” and reports of Ye making antisemitic remarks in front of Adidas employees.
Last week, the corporation rejected “these unfounded claims and will take all necessary measures to vigorously defend ourselves against them.”
The breakup of the Ye partnership also cost Adidas 600 million euros in missed sales in the last three months of 2022, contributing to the company’s net loss of 513 million euros.
According to Adidas, an operating loss of 700 million euros is possible this year, owing mostly to a 500 million-euro damage if the existing Yeezy sneakers are not sold.
SOURCE – (AP)
Celebrity
Jason Kelce Smashes Football Fan’s Phone
Retired Philadelphia Eagles center Jason Kelce destroyed a Penn State football fan’s phone after the alleged heckler called his brother, Travis Kelce, a fag.
In now-viral footage published on X (previously Twitter) on Saturday, Nov. 2, the retired Philadelphia Eagles great was seen accompanied by football fans outside Beaver Stadium in State College, Pa., for the Penn State-Ohio State game.
As the individual capturing the tape lifted a fist to Jason, 36, and called his name for a fist bump, another man nearby hurled the homophobic slur at the retired Philadelphia Eagles star.
Hey, Kelce. How does it feel that your brother is a queer dating Taylor Swift?” the man questioned, referring to Travis, 34, who has been seeing Swift since 2023. Jason turned around seconds later, snatched the man’s phone, and crushed it to the ground.
“Looked like a Penn State student was getting in Kelce’s face for no reason,” the original X user who submitted the video remarked. “Wild scene in State College.”
“Kelce how does it feel that your brother is a f****t for dating Taylor Swift?”
Jason Kelce proceeded to slam this kids phone on the ground.
Looked like a Penn State student was getting in Kelce’s face for no reason. Wild scene in State College pic.twitter.com/3PEdZXWhSg
— Chives (@jarrett_daveler) November 2, 2024
Additional footage on X shows Jason smashing the phone on asphalt before picking it up and walking away. The phone’s owner, wearing a Penn State hoodie at the time of the incident, was shown in many videos strolling closely behind Jason and recording him before the conflict occurred.
Another footage published on X, which appears to have been filmed after Jason shattered the man’s phone, showed the hooded Penn State supporter trudging through a mob to pick up his phone off the ground.
“Give me my phone, bro,” he seemed to say to Jason.
The NFL alum seized the gadget first, then stood in front of the man and asked, “Who’s the fag now?” Others appeared to interfere.
The incident occurred while Jason was at Beaver Stadium for an appearance on ESPN’s College GameDay. The Ohio State Buckeyes won Saturday’s game 20-13 over the Penn State Nittany Lions.
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Celebrity
Shaun White’s Proposal To Nina Dobrev Was Romantic Gold
Shaun White, the Olympic snowboarding champion, already has an impressive medal tally, but his surprise proposal to Nina Dobrev deserves a gold medal.
On Wednesday, the couple announced their engagement on Instagram. Dobrev posted photographs of the two hugging under an arch of white roses and showing off her five-carat Lorraine Schwartz engagement ring.
“RIP boyfriend, hello fiancé,” Dobrev said in the caption.
However, the photographs only tell half the tale, as Shaun devised an elaborate plan to surprise Dobrev with his proposal.
Shaun White’s Proposal To Nina Dobrev Was Romantic Gold
According to a Vogue interview published Wednesday, Shaun said he assembled a team of people from the couple’s inner circle and Vogue personnel to trick Dobrev into thinking she had been invited to an intimate dinner party with Anna Wintour.
Dobrev accepted the invitation, joking that Shaun made it “look so legitimate.”
He even asked Dobrev’s stylist to outfit her in Chanel for the event.
Dobrev said she recognized what was happening when she entered the venue and saw White standing beneath the flowery arch.
Shaun’s Proposal To Nina Dobrev Was Romantic Gold
“I went into shock,” Dobrev admitted, later adding that White “said all the right things” before she agreed.
According to the publication, after Shaun proposed, the couple partied into the early morning hours with close friends and relatives.
“Best night of my life,” Shaun captioned his Instagram story on Wednesday.
The duo first became romantically involved in 2020, and they have since publicly recorded their relationship, globe vacations, and White’s Olympic farewell on social media.
SOURCE | CNN
Celebrity
Hollywood Actress Teri Garr Passes Away at 79
Hollywood actress Teri Garr, known for her roles in classics like “Young Frankenstein” and “Tootsie,” has passed away at 79. She died Tuesday of multiple sclerosis “surrounded by family and friends,” said publicist Heidi Schaeffer.
Admirers took to social media in her honor, with writer-director Paul Feig calling her “truly one of my comedy heroes. I couldn’t have loved her more” and screenwriter Cinco Paul saying: “Never the star, but always shining. She made everything she was in better.”
Throughout her career, the performer, often known as Terri, Terry, or Terry Ann, seemed destined for show business from a young age.
Her father was Eddie Garr, a well-known vaudeville comic, and her mother was Phyllis Lind, one of the original high-kicking Rockettes at New York’s Radio City Music Hall. Their daughter began dancing classes at six and was performing with the San Francisco and Los Angeles ballet companies by age fourteen.
She was 16 years old when she joined the road crew of “West Side Story” in Los Angeles, and she began starring in small roles in films as early as 1963.
In an interview from 1988, she described how she landed the role in “West Side Story.” After being rejected at her initial audition, she returned the following day dressed differently and was accepted.
Teri Garr, a comedian
Teri Garr then found steady work as a movie dancer, appearing in the chorus of nine Elvis Presley films, including “Viva Las Vegas,” “Roustabout,” and “Clambake.”
She has also appeared on various television shows, including “Star Trek,” “Dr. Kildare,” and “Batman,” and was a featured dancer on the rock ‘n’ roll music show “Shindig,” the rock concert performance “T.A.M.I.,” and a cast member of “The Sonny and Cher Comedy Hour.”
Her breakthrough role was as Gene Hackman’s girlfriend in Francis Ford Coppola’s 1974 thriller The Conversation. This led to an interview with Mel Brooks, who offered her the Gene Wilder’s German lab assistant role in Young Frankenstein if she could speak with a German accent.
“Cher had this German woman, Renata, making wigs, so I got the accent from her,” Garr once said.
The film established her as a great comic performer, with New Yorker film writer Pauline Kael calling her “the funniest neurotic dizzy dame on screen.”
Her big smile and off-center appeal helped her land roles in “Oh, God!” with George Burns and John Denver, “Mr. Mom” (as Michael Keaton’s wife), and “Tootsie,” in which she played the girlfriend who loses Dustin Hoffman to Jessica Lange and discovers he has dressed up as a woman to revive his career.
A gift for spontaneous humor
Teri Garr, best known for comedy, has shown in films such as Close Encounters of the Third Kind, The Black Stallion, and The Escape Artist that she can also tackle drama.
She had a gift for spontaneous humor, frequently playing David Letterman’s foil during early guest appearances on N.B.C.’s “Late Night With David Letterman”.
Her appearances grew so frequent, and the pair’s good-natured bickering so convincing that rumors of romantic involvement circulated for a while. Years later, Letterman acknowledged those early appearances with helping the program become a success.
During those years, Garr began to experience “a little beeping or ticking” in her right leg. It started in 1983 and expanded to her right arm, but she thought she could handle it. By 1999, her symptoms had gotten so bad that she saw a doctor and was diagnosed with multiple sclerosis.
After disclosing her diagnosis, Garr became a spokesman for the National Multiple Sclerosis Society, giving hilarious remarks at events in the United States and Canada.
Source: AP
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