adidas AG
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
Adidas ended its business partnership with Kanye West on October 25, 2022, due to his anti-Semitic rhetoric. A Wall Street Journal article published on November 27, 2022, revealed that Adidas executives discussed ending the partnership as early as 2018 due to concerns about West’s behavior. The article reported that West made anti-Semitic comments in front of Adidas staff and discussed naming an album after Adolf Hitler. On February 9, 2023, Adidas announced that the decision to end the partnership would result in significant financial losses, including lower revenues by around €1.2 billion and operating profit by around €500 million in 2023. Adidas also anticipates one-off costs of up to €200 million in 2023. The negative impact on Adidas’s finances caused a fall in the price of Adidas securities, harming investors.
