• About Us
  • Terms & Conditions
  • Contact Us
Thursday, December 7, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    JUST IN: Diesel tanker explodes in Lagos

    JUST IN: Diesel tanker explodes in Lagos

    5 burnt to death,  11 wounded in Akwa Ibom auto crash

    5 burnt to death, 11 wounded in Akwa Ibom auto crash

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Beta Glass Plc announces change of Registrar

    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria to issue N72.1 billion series 10 commercial paper

    Access Holdings Plc announces death of Chairman

    Access Holdings Plc announces death of Chairman

    Binance users pull over US$1 billion from the crypto exchange

    Binance users pull over US$1 billion from the crypto exchange

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Increased by 78bps as banking stocks top gainers table

    Bitcoin soars above $21,000 as U.S. dollar sags

    Bitcoin rises above $41,000 on renewed interest

    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 7bps, as BETAGLASS gains 10%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI Closed Bullish, Up 8bps

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 15bps amid red market activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    JUST IN: Diesel tanker explodes in Lagos

    JUST IN: Diesel tanker explodes in Lagos

    5 burnt to death,  11 wounded in Akwa Ibom auto crash

    5 burnt to death, 11 wounded in Akwa Ibom auto crash

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Beta Glass Plc announces change of Registrar

    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria to issue N72.1 billion series 10 commercial paper

    Access Holdings Plc announces death of Chairman

    Access Holdings Plc announces death of Chairman

    Binance users pull over US$1 billion from the crypto exchange

    Binance users pull over US$1 billion from the crypto exchange

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Increased by 78bps as banking stocks top gainers table

    Bitcoin soars above $21,000 as U.S. dollar sags

    Bitcoin rises above $41,000 on renewed interest

    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 7bps, as BETAGLASS gains 10%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI Closed Bullish, Up 8bps

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 15bps amid red market activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Adidas shares plummet over Kanye West breakup

Saturday, 11 February 2023, 7:31 am
in News
0
Adidas shares plummet over Kanye West breakup
Share Share Share Share Send as Email

Adidas shares plunged Friday morning after the company announced it could lose hundreds of millions of dollars this year from its failed partnership with rapper Ye, formerly known as Kanye West.

In October 2022, Adidas cut ties with Kanye West over antisemitic remarks, saying its “unacceptable, hateful and dangerous” and not in line with the company’s values.

Shares of the German company slumped as much as 11% on Friday, its steepest drop in nearly three years after the sportswear maker warned that scrapping of Yeezy, the lucrative joint brand with Kanye West could wipe out the company’s operating profits this year.

Adidas admitted there will be  “significant adverse impact from not selling the existing stock.” The company said it expects to lose around $1.3 billion in revenue and roughly $535 million in operating profit this year if it cannot sell the stock.

Adidas also forecast falling sales and one-off costs of roughly $214 million this year, which could result to an operating loss of nearly $750 million for 2023.

Chief executive Bjørn Gulden said 2023 will be a “year of transition to set the base to again be a growing and profitable company.”

Adidas has “all the ingredients to be successful,” Gulden stressed, but just needs “some time” to rebuild.

Adidas will unveil its final 2022 results on March 8.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Nikola
    Nikola shares plummet 21% after the Company filed to…
  • Kanye west Twitter
    Musk suspends Kanye West from Twitter
  • Kanye West –Parler
    Kanye West agrees to buy Twitter alternative, Parler
  • Twitter
    Bitcoin Scammers Hacked High Profile U.S Twitter…
Previous Post

Equities Market Closed Lower As NGX-ASI Declined By 0.06%.

Next Post

There is no capacity to print sufficient new naira notes – Emefiele

Next Post
There is no capacity to print sufficient new naira notes – Emefiele

There is no capacity to print sufficient new naira notes - Emefiele

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

The NGX- ASI Increased by 78bps as banking stocks top gainers table

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

Just in: FG says Abuja-Kaduna train won’t run till all kidnapped victims are free

Just in: FG says Abuja-Kaduna train won’t run till all kidnapped victims are free

Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

The NGX- ASI Increased by 78bps as banking stocks top gainers table

Details of the N27.5 trillion 2024 Budget presented by Tinubu

Details of the N27.5 trillion 2024 Budget presented by Tinubu

FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

FIRS waives penalties for tax defaulters, gives December deadline

JUST IN: Diesel tanker explodes in Lagos

JUST IN: Diesel tanker explodes in Lagos

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Entertainment
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist