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Adidas sees $763 million Q4 loss after failed Kanye ‘Ye’ West partnership

Yahoo Finance

Yahoo Finance Live’s Rachelle Akuffo discusses stock performance for Adidas.

Video transcript

RACHELLE AKUFFO: Now time for some trending tickers. Adidas, or Adidas, if you like, their stock is in the spotlight this morning after the company posted a big loss in the fourth quarter and slashed its dividend for the year as it deals with the aftermath of its failed partnership with Kanye West, also known as Ye. Now, the retail giant is stuck with $1.3 billion of unsold merchandise, with the CEO floating several ideas of what to do with all the left over Yeezy gear. We'll continue to cover top trending tickers and hear from the big names throughout the week. So you want to stay tuned for that.