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Adidas Swamped with $565 Mln in Orders for Unsold Yeezy Shoes

Adidas got orders worth more than 508 million euros (about $565 million) for 4 million pairs of unsold Yeezy shoes, better than the company's "most optimistic forecast," the Financial Times reported on Monday. Strong demand for the first batch of online sales would potentially save the German sportswear company from having to take a big writedown on its remaining stock, the newspaper said. Adidas stopped selling Yeezy shoes from its defunct partnership with Ye in October after the rapper formerly known as Kanye West made a series of antisemitic comments. ....

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Gucci Management Shuffle Pushes Kering Shares Up

Kering announced late on Tuesday that Marco Bizzarri, who has led Gucci since 2015, will leave the company on Sept. 23, and that it had named managing director Jean-Francois Palus as Gucci's new CEO and president for a transitional period. "Kering's revised organizational structure and change in leadership roles are a welcome step to further align group talent to better serve the needs of its Maisons," RBC analysts wrote in a note. ....

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Y2K fashion has taken over. And Gen Z is loving it | Haleluya Hadero and Anne D'innocenzio / The Associated Press

Y2K fashion has taken over. And Gen Z is loving it | Haleluya Hadero and Anne D'innocenzio / The Associated Press
businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.

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