Adidas is investigating accusations made by staff relating to the conduct of the musician Ye during his partnership with the sportswear brand and the response of senior company figures, CNBC’s Jenni Read reports. It follows a Rolling Stone article published last week with anonymous allegations that Ye showed pornographic and sexualized material to Yeezy staff during meetings and made sexualized remarks to female staff. Adidas said in a statement "It is currently not clear whether the accusations made in an anonymous letter are true. However, we take these allegations very seriously and have taken the decision to launch an independent investigation of the matter immediately to address the allegations." Reference Link
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADDYY:
- Adidas discussed risk of staff direct exposure to Kanye West years ago, WSJ says
- Adidas, Puma stand to gain as German consumers boost economy, Barron’s says
- Adidas price target raised to EUR 120 from EUR 100 at RBC Capital
- Adidas price target raised to EUR 115 from EUR 101 at Morgan Stanley
- Adidas price target lowered to EUR 160 from EUR 165 at Deutsche Bank
