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☆ Adidas pulled an ad with Bella Hadid, who is Palestinian, after Israel objected and claimed she's antisemitic
▼ + stars: | 2024-07-20 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Adidas axed an ad campaign with Bella Hadid after Israel complained about her involvement. Hadid, who is Palestinian herself, has been a supporter of Palestinians in Gaza. Adidas apologized for the ad, though the line of shoes remains on sale. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdidas pulled an ad campaign featuring model Bella Hadid, who is Palestinian, after Israel's official social media accounts criticized her involvement and called her antisemitic.

Persons: Bella Hadid, Hadid, —, Gigi Organizations: Adidas, Service, Business Locations: Israel, Palestinian, Gaza

☆ Adidas apologizes for ad campaign linked to 1972 Munich Olympics
▼ + stars: | 2024-07-19 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —Adidas has apologized for “any upset or distress caused,” after releasing an ad campaign for some retro sneakers based on a model first released during the 1972 Munich Olympics. Adidas then seemingly deleted any social media posts featuring her after criticism from Jewish groups and Israel. However, journalist Mehdi Hasan took issue with this line of criticism against Adidas and Hadid. “Bella Hadid has absolutely nothing in common with the 1972 terrorists – other than the fact that she is Palestinian,” Hasan posted on X. The Adidas controversy comes a week before the opening ceremony for the Paris Olympics.

Persons: Bella Hadid, Hadid, Kirstin Sinclair, Hadid hasn’t, – uncaptioned, ”, Mohamed Hadid, “, Jonathan Greenblatt, –, Mehdi Hasan, “ Bella Hadid, ” Hasan Organizations: CNN, Adidas, Israel, Getty, Adidas ’, enclave’s Ministry of Health, American Jewish Committee, Defamation, Hadid, Paris Olympics Locations: Munich, Palestinian, American, Gaza, Israel

☆ These 10 U.S. states have America’s best economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.

Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida

☆ Adidas shares rise after hiking 2024 guidance
▼ + stars: | 2024-07-17 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in Adidas were slightly higher on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter. Adidas rose nearly 5% after markets opened on Wednesday before paring gains to around 2% by the market close. Adidas said its revenues rose 11% in the second quarter, compared to the previous year. Excluding sales of the struggling Yeezy line in both year, currency-neutral revenue rose 16% in the quarter, Adidas noted. The company had already hiked its 2024 outlook once this year after releasing its first-quarter results, which also beat expectations.

Persons: Ye Organizations: Adidas Locations: German, €

Learn moreAmazon Prime Day, which is in its final stretch today, has brought many of our favorite tech, beauty, and home products to all-time-low prices. We check every deal against our tested guides and price tracking to make sure you're getting the best products for the lowest cost, optimizing your Prime Day experience. As more of Business Insider's top-rated products and brands go on sale during Prime Day, we'll continue to update this page with new discounts. If you're looking for a solid Android tablet, this is an excellent option, especially at its lowest price ever for Prime Day. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.

Persons: it's, we'll, MagSafe, Max, ”, Gabrielle Chase, “, Herschel, Eero Organizations: Business, Samsung, Amazon, Kindle, Apple, Herschel Supply, Amazon Samsung, Amazon LG, LG, Adidas, Alexa, Amazon Prime

The best Prime Day deals under $25 can satiate that instinct to shop while the getting is good and still pay mind to your budget. Shop all Prime Day deals under $25 here. Top 5 Prime Day deals under $25:More of the best Prime Day deals under $25Staff Pick Vacation Super Spritz SPF 50 Sunscreen Face Mist $18.75 $25.00 Save 25% This makeup-friendly fine mist face spray, which is paraben-free and dermatologist-tested, dries quickly and is water-resistant for up to 80 minutes. In order to shop on Prime Day, you'll need an Amazon Prime membership. Shopping for more great Amazon Prime Day deals?

Persons: there's, La Roche, Kate Spade, We've Organizations: Business, Amazon, Adidas, Coffee, Brewers, New, Amazon Prime Locations: York, influencers, New York City

☆ New Balance partners with the WNBA as the brand looks to grow in women's sports
▼ + stars: | 2024-07-16 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Cameron Brink #22 of the Los Angeles Sparks plays defense against Bridget Carleton #6 of the Minnesota Lynx on June 5, 2024 at Crypto.com Arena in Los Angeles, California. Juan Ocampo | National Basketball Association | Getty ImagesNew Balance on Tuesday announced a multiyear deal with the WNBA, joining a growing roster of backers for women's sports. The agreement will make New Balance an official partner of the WNBA and will include broadcast, digital and retail content featuring Los Angeles Sparks rookie forward Cameron Brink. The deal comes as New Balance looks to grow the company's share across basketball and to become a leader in women's sports. In August, Cameron Brink became the first woman's basketball player to sign with New Balance.

Persons: Cameron Brink, Bridget Carleton, Juan Ocampo, Armour, Jessica Vassall, Brink, Kawhi Leonard, Balance, Jeff Haynes Organizations: Los Angeles Sparks, Minnesota Lynx, Crypto.com Arena, National Basketball Association, Getty, WNBA, Adidas, Nike, Puma, New, Stanford University, NBA, CNBC, Paris Olympics, Chicago Sky Locations: Los Angeles , California, Chicago , IL

Learn moreThe Nordstrom Anniversary Sale is officially here and there are thousands of deals available. This year, men's clothes, shoes, and accessories are well-stocked categories, so you will surely find what you're looking for. You can shop all men's Nordstrom Anniversary deals here, or click through to specific categories you're interested in. For more deals, check out our guide on what to buy during the Nordstrom Anniversary Sale, where we detail all the best departments to shop. The best men's deals from the Nordstrom Anniversary Sale:AdvertisementMen's Clothing dealsNordstrom has a great mix of popular name brands and more affordable in-house brands to choose from.

Persons: Tommy John, Bonobos, men's, Nordstrom, Jack Black, Jack Black's Organizations: Business, Nordstrom, Nike, Adidas Locations: Nordstrom

☆ ‘Gen Z boss and a mini,’ explained: The new TikTok trend celebrates style and sass
▼ + stars: | 2024-07-15 | by ( Scottie Andrew | ) edition.cnn.com time to read: +3 min

“Gen Z boss and a mini”? If you can think of two catchy descriptors that encapsulate your outfit and unique aura, you’ve got enough material to get in on the latest TikTok style trend. Some TikTokers are using the trend to celebrate their own style, their unique shine too bright to share with others in the same video. The brand even capitalized on its viral fame with a “Gen Z boss and a mini” bundle of skin care products. Corporate cringe though it may be, the trend is already paying off for the squad of TikTok-savvy skin care mavens.

Persons: you’ve, —, sass, Amy Poehler, Rachel Dratch, Seth Meyers, Rashida Jones, Amy Poehler Jones, Meyers, Michael B, TBH, “ Organizations: CNN, Recreation Locations: Australia, “ Parks

☆ Manhunt launched after human remains found in second British city
▼ + stars: | 2024-07-12 | by ( Maija-Liisa Ehlinge | Chris Lau | ) edition.cnn.com time to read: +3 min

CNN —British police have found human remains in a west London apartment which they believe are connected to body parts found earlier this week in another city, officers said Friday. Authorities are now on the hunt for a Colombian man thought to be linked to the case. Officers said their priority is to find Yostin Andres Mosquera, a 24-year-old Colombian national, naming him for the first time. They released a photo of Mosquera clad in a black Adidas baseball cap, black jeans, a black jacket, black trainers with thick white soles, with a black backpack. Kyle Clifford, 26, was found by officers in Enfield, north London, on Wednesday following an extensive manhunt, and arrested on Thursday in connection with the killing.

Persons: Yostin Andres Mosquera, Mosquera, ”, Andy Valentine, Vicks Hayward, Carol Hunt, John Hunt, Hannah Hunt, Louise Hunt, Kyle Clifford Organizations: CNN, British, Authorities, The Metropolitan Police, Colombian, Adidas, Police, Somerset Police, Metropolitan Police, Metropolitan Police Authorities, ” Police, coastguard, Avon and Somerset Police Locations: London, Colombian, Clifton, Bristol, Avon, Britain, Enfield

I grew up shopping the Nordstrom Anniversary Sale with my mom before spending nearly four years working as a sales associate between Nordstrom and Nordstrom Rack. This has given me a very clear sense of the Nordstrom Anniversary Sale bestsellers, what sells out first, and what gets returned. Now, I'm ready to share what's absolutely worth it and what you should skip from the Nordstrom Anniversary Sale. The Nordstrom Anniversary Sale is full of Gucci, Saint Laurent, Tom Ford, and Ray Bans sunnies galore. Here's when you can start shopping Nordstrom Anniversary Sale dates based on your Nordy Club status.

Persons: Nordstrom, Hanky, it's, Augustinus Bader, Dyson, Reiss, Max Mara, Vince, Veronica Beard, Les, Sam Edelman, Kate Spade, Rebecca Minkoff, Kurt Geiger, Saint Laurent, Tom Ford, Ray, sunnies, you'll Organizations: Business, Nordstrom, Nike, Adidas, Branch, Bond, Longchamp, Gucci, Nordy Locations: Arizona, Hoka, Boll

☆ ‘Even Jordan doesn’t have his face on a sneaker’: How Stan Smith became both a tennis and fashion icon
▼ + stars: | 2024-07-11 | by ( Matias Grez | ) edition.cnn.com time to read: +11 min

CNN —Depending on your age, the name Stan Smith probably means one of two things. Even Jordan doesn’t have his face on a sneaker.”Stan Smith during his victorious 1972 Wimbledon run. The rise in popularity of the Stan Smith sneaker coincided with a slump towards the end of his tennis career and it began permeating a wide array of cultures in the UK and US. “It was one of my goals to win that tournament,” Smith says. Stan Smith, Ilie Năstase and Tom Okker at a meeting of the Association of Tennis Professionals (ATP) in London, 20th June 1973.

Persons: Stan Smith, ” Smith, “, it’s, ”, Cari, Jordan doesn’t, ” Stan Smith, Danny Lee, Smith, that’s, Stan Smith sneaker, David Bowie, ’, Pharrell Williams, Robert Haillet sneaker, Nicolas Armer, Horst Dassler, Donald Dell, Adidas Robert Haillet, Gary Aspden, ” Arthur Ashe, Arthur Ashe, Henry Burroughs, Ashe, ” Dell, Lyndon Johnson, Ashe couldn’t, Bob Lutz, LeBron James ’, Dell, Martin Luther King Jr, Tony Duffy, Allsport, Ashe’s, Arthur, ” Lee, Smith’s, Mark Mathabane, Marjory, Mathabane, Roger Jackson, wasn’t, Niki Pilić, Pilić, Smith –, Ilie Năstase, Tom Okker, Michael Webb, Stan Organizations: CNN, Adidas, Wimbledon, Hulton, Beastie Boys, Davis, Pasadena Tennis, US Davis, USA, Los Angeles Tennis Club, Americas, Civil, wouldn’t, Star ”, South, University of South, Central Press, International Tennis Federation, ‘, Yugoslav Tennis Association, Tennis, Association of Tennis Professionals, Keystone Locations: Young, Paris, USA, French, Wimbledon, Pasadena , California, Pasadena, American, Mexico, America, Vietnam, Houston , Texas, United States, South Africa, Beverly Hills, Soweto, Alexandria, South African, Johannesburg, University of South Carolina, ‘, London, ’

☆ Esports World Cup: The new tournament in Saudi Arabia causing a big splash and division in the industry
▼ + stars: | 2024-07-06 | by ( Ben Church | ) edition.cnn.com time to read: +12 min

The Esports World Cup (EWC) – which began on July 3 – has brought together professional gamers, publishers and fans from across the world for an eight-week competitive gaming bonanza. To bring this on the similar scale as the largest traditional sports events and something that brings together the whole industry,” Reichert said. Discovery – CNN’s parent company – and the Esports World Cup Foundation agreed to a new partnership which includes Eurosport, CNN and other WBD platforms. “From my experience, there are a lot of people in [Saudi Arabia] that love their games, right to the top. “It’s probably unprecedented how quickly Saudi Arabia is moving ahead in its progression.

Persons: –, Ralf Reichert, ” Reichert, “, Gen.G, Mohammed Saad, Reichert, ”, Sam Mathews, It’s, it’s, Prince Mohammed bin Salman, sportswashing, SGG, Rod Breslau, “ It’s, ” Dana Ahmed, Manahel, Otaibi, Nick McGeehan, FairSquare, Mohamed bin Salman, Liquid’s, Steve Arhancet, Mathews Organizations: CNN, CNN Sport, Riot, New York Times, Adidas, Warner Bros, Eurosport, Anadolu, Getty, EWC, EWC Foundation, Saudi, MBS, Fox News, Investment Fund, Gaming, Amnesty, Fnatic, “ Locations: Saudi, Saudi Arabia, esports, “ Saudi Arabia, Breslau

☆ Women's sports merchandise is an estimated $4 billion industry but fans still can't find the items they're looking for
▼ + stars: | 2024-07-03 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +12 min

"When you invest in a jersey, that means you really appreciate that person, their character, and what they bring to the game," Krieger said. Sports Innovation Lab estimates the women's sports merchandise industry is worth $4 billion — conservatively. People simply don't know where to find merchandise — 32% of fans reported having an issue finding a seller for women's sports merchandise compared to just 18% of fans looking for men's, according to Sports Innovation Lab's 2024 Women's Sports Merchandise Survey. But while big brands are making strides in partnering with women's professional teams to create merchandise, the women's sports merch buying experience is still lacking. Building the women's game takes an ecosystem of collaboration involving fans, athletes, leagues, team sponsors, and retailers.

Persons: —, Ali Krieger, Krieger, Mary Earps, Marc Atkins, Nike's, Aubrey Kingsbury, it's, Alyssa Naeher's, there's, didn't, A'ja Wilson, Caitlin Clark, Puma, Bjørn Gulden, Arne Freundt, Dylan Buell, isn't, Angela Ruggiero, Ruggiero, Roy Rochlin, Stringer, " Krieger, Megan Gokey, Alex Morgan, Chloe Kim, Simone Manuel, Sue Bird, Klarna, Billie Jean King's, Esther Kim's, Zach Boisjoly, we've Organizations: Service, National Women's Soccer League, FFC Frankfurt, Eintracht Frankfurt, German, Business, FIFA, England, New York Times, Adidas, Puma, Nike, Washington Spirit, Chicago Red Stars, Innovation, Sports, Google, WNBA, WTA, Survey, NBA, Manchester United, AC Milan, Bloomberg, Indiana Fever's, Sports Innovation, Realty Trust, Professional Women's Hockey League, League, Media, Sports Foundation, NCAA, New York, Gotham FC, New York Liberty Locations: Germany, Morocco, Esther Kim's Playa, New Jersey, New

☆ How 1.5 million plastic bottles are turned into clothing every day
▼ + stars: | 2024-07-03 | by ( David Valerio | Grant Tyler | ) www.businessinsider.com time to read: 1 min

Polyester is one of the most popular fabrics in the world. Made from PET plastic, it is prized for its durability, lightness, and low cost of production. While these characteristics make it ideal for various uses across the textile industry, the oversupply of polyester has also fueled an environmental disaster. Now, brands like Adidas, Nike, and Shein are trying to increase the amount of polyester made from recycled plastics — but is this the best use of old plastic? This story is available exclusively to Business Insider subscribers.

Organizations: Adidas, Nike, Business

☆ The Euro 2024 Adidas ball: Microchipped, slippery – and very quick
▼ + stars: | 2024-06-30 | by ( Matt Slater | ) www.nytimes.com time to read: +8 min

But it is slightly unusual for people to talk as much about the ball as they have about the Adidas Fussballliebe Pro EURO 2024 match ball, to give it its full name, as they have in Germany of late. “I’ve not heard any goalkeeper complain about the ball, other than saying it’s a really, really quick ball, which is something you just deal with,” said the former Denmark and Manchester United goalkeeper Peter Schmeichel, whose son Kasper is the current Danish No 1. “Normally, when you have a new ball, the opinions are divided but (goalkeepers) don’t think it’s a bad ball. But while this is all great fun — and even better advertising — “combined ball technology” is not actually new. Kylian Mbappe practises with the Euro 2024 match ball at France’s pre-tournament training camp (Franck Fife/AFP via Getty Images)In terms of the ball’s aesthetics, it’s fine.

Persons: “ It’s, Harry Kane, “, Kose, “ I’ve, ”, Peter Schmeichel, Kasper, don’t, it’s, Roberto Rosetti, Denmark’s Joachim Andersen, Lukaku’s, Lois Openda, ” Marc Makowski, Erik Janza’s, David Jurasek, Denmark’s Morten Hjulmand, Schmeichel, Gianluigi, ” Gianluigi Donnarumma, Dean Mouhtaropoulos, Kylian, Franck Fife, Thierry Henry, Marc, Charlotte Harpur Organizations: Adidas Fussballliebe, Adidas, European Football, Getty, Manchester United, UEFA’s, RB Leipzig, “, Turkey, England, Spain, New Zealand, France’s, UEFA, FIFA, Telstar Locations: Germany, AFP, Denmark, South Africa, Belgium, Slovakia, Slovenia, Czech, Spain, Italy, Qatar, Australia, New

☆ England 2 Slovakia 1 – Southgate’s side scrape through, Bellingham to the rescue, tactical questions remain
▼ + stars: | 2024-06-30 | by ( Jacob Whitehead | Oliver Kay | ) www.nytimes.com time to read: +11 min

England edged past Slovakia to reach the Euro 2024 quarter-finals, but only after staring a humiliating defeat in the face. England did get the ball in the net early in the second half, but Phil Foden’s effort was ruled offside. That gave Southgate’s team a lead that they defended successfully for the remainder of extra time to retain their place in the tournament… just. AdvertisementAcross their four matches at this tournament, England showed consistent failings that have not been addressed. Peter RutzlerWas the first half England’s worst of the tournament (so far)?

Persons: Gareth Southgate’s, Ivan Schranz, Jordan Pickford, Phil Foden’s, Declan Rice, Jude Bellingham, —, Harry Kane, Jacob Whitehead, Oliver Kay, Mark Carey, Peter Rutzler, Gareth Southgate, Kyle Walker, Marc Guehi flicked, Cole Palmer, Eberechi Eze, Ivan Toney, Southgate, Carl Recine, Oliver Kay Breaking, Jude Bellingham’s, Marc Guehi, Martin Dubravka, Bellingham, Gareth Southgate England, Kieran Trippier, Trent Alexander, Arnold, Conor Gallagher, Kobbie Mainoo, Ian MacNicol, England —, Toney, Harry Kane’s, underperformance —, Kobbie, Shaun Botterill, John Stones, Ivan Schranz’s, England …, Mainoo Organizations: Slovakia, England, Switzerland, Adidas, Championship, Argentina Locations: Slovakia, England, Ruhr, ignominy, —, Dusseldorf, Bellingham, Martin, Southgate’s, Iceland, Switzerland, Gelsenkirchen

☆ Two Adidas employees out in China corruption probe
▼ + stars: | 2024-06-26 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Two employees have left Adidas as a result of an ongoing investigation by the German sportswear brand into allegations of corruption in China. Chinese state media outlet Economic View reported Wednesday that both former employees had worked in marketing for Adidas China. The allegations against Adidas executives were contained in an unsigned letter from people calling themselves employees of Adidas China. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — accounts for 15% of the company’s sales. In mainland China, Adidas is the second-largest international sportswear brand behind Nike (NKE).

Persons: ” Claudia Lange, “, ”, Jiemian, Lange, Yang Mi, Yi, Fred Organizations: Hong Kong CNN —, Adidas, “, Adidas China, CNN, Nike Locations: China, Hong Kong, Taiwan, Beijing

☆ How Gen-Z sports brand Overtime built an 8-figure merch business and is using partnerships to take it to the next level
▼ + stars: | 2024-06-25 | by ( Tiara White | ) www.businessinsider.com time to read: +5 min

The media company first made a name for itself by distributing high-school sports videos, then producing its own shows and operating its own sports leagues. Rutstein, who worked at Adidas and Reebok before Overtime, said the company distinguishes its merch by focusing on quality. Advertisement"When we first started, I said, we're not going to be a media company that just does merch," Rutstein told Business Insider. Advertisement"Through partnerships, we've been able to expand our audience, of course, to these brands that are either legacy or heritage streetwear brands," Rutstein said. Other brands Overtime has partnered with include BAPE, a Japanese clothing brand; PSD Underwear, which makes underwear and activewear; 7-Eleven, a convenience store chain; and Billionaire Boys Club, a fashion label founded by singer-songwriter Pharrell Williams.

Persons: —, Tyler Rutstein, Rutstein, we're, SpongeBob, we've, Pharrell Williams, that's Organizations: Service, Paramount, Business, Adidas, Reebok, Billionaire Boys Locations: merch

☆ In Germany, a Tournament Runs Smoothly, but the Trains Do Not
▼ + stars: | 2024-06-23 | by ( Rory Smith | Melissa Eddy | ) www.nytimes.com time to read: +1 min

Niclas Füllkrug arrived early at the Adidas campus just outside Herzogenaurach, a picture-postcard town in Bavaria that was to host the German national team before this summer’s European soccer championships. The staff had been told that players would start arriving on a Monday morning, a few days before their opening game. He had decided to make the 300-mile journey from his home in Hanover by high-speed train on Germany’s national railway carrier, Deutsche Bahn. But years of failure to invest in rolling stock, upgrade railways and digitalize signal boxes have made Deutsche Bahn notorious for delays and cancellations. He spent the journey fielding their questions about life with the national team.

Persons: Niclas Füllkrug, —, Füllkrug Organizations: Adidas, German, Deutsche Bahn Locations: Bavaria, European, Hanover

☆ Adidas is investigating allegations of embezzlement and kickbacks in China
▼ + stars: | 2024-06-17 | by ( Laura He | Wayne Chang | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. The reported complaint alleged that a senior executive in Greater China who manages Adidas’ marketing budget had embezzled millions of euros and taken huge kickbacks from external advertising and celebrity agencies. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — contributes 15% of the company’s sales. In mainland China, Adidas is the second largest international sportswear brand behind Nike (NKE). Adidas is well known for playing the “celebrity” card in its marketing in China.

Persons: Hong Kong CNN —, Jiemian, Claudia Lange, ”, Lange, ’, Taiwan —, —, Yang Mi, Yi Yangqianxi Organizations: Hong Kong CNN, Hong Kong CNN — Adidas, Adidas China, CNN, Adidas, Nike Locations: China, Hong Kong, Taiwan, Beijing, Xinjiang

☆ Americans are still paying more for shoes, luggage and hats after Biden left Trump’s tariffs in place
▼ + stars: | 2024-06-16 | by ( Katie Lobosco | ) edition.cnn.com time to read: +12 min

Courtesy Abby ChowningThe tariffs Biden left in place – which are paid by US importers and not China – hit roughly $300 billion of goods. After Trump’s tariffs hit, some US companies sought new manufacturers in other countries. The Covid-19 pandemic upended the global economy roughly two years after Trump’s trade war began. Several studies show that Trump’s tariffs only marginally contributed to the rise in US inflation experienced after the pandemic and the following supply chain crisis. Trump’s tariffs were meant to get China to address those issues.

Persons: Donald Trump, Trump, Tiffany Zarfas Williams, ”, Zarfas Williams, Joe Biden, –, “ Trump, ” Biden, “, Biden, ’, Abby, China –, Rick Muskat, Jake Muskat, Alena Margolis, Muskat, ” Muskat, Phil Page, Page, Bryan Finch, ” Page, Morgan, Nate Herman, Matt Priest, Priest, Steve Madden, ” Jared Bernstein, we’ve, ” Bernstein, Justin Sullivan, ” Herman, Xi Jinping, Biden “ Organizations: Washington CNN —, China, Trump, Biden, Deer Stags, JCPenney, America, Cap America, American Apparel & Footwear Association, Bureau of Labor Statistics, Footwear Distributors, Retailers of America, Adidas, Columbia, Nike, White House Council, Economic Advisers, China Business, Trade, National Council of Textile Organizations, Port Locations: Lubbock, Texas, China, Ukraine, Missouri, Vietnam, Bangladesh, Port of Oakland, Oakland , California

☆ Adidas investigates bribery allegations in China, FT says
▼ + stars: | 2024-06-16 | by ( ) www.cnbc.com time to read: +1 min

Adidas has launched an investigation into allegations of large-scale bribery in China after the company received a whistleblower complaint that accused senior staff of embezzling "millions of euros", the Financial Times reported on Sunday. Adidas confirmed that it had received an anonymous letter on June 7 indicating potential compliance violations in China. The German sportswear company said it was investigating this matter together with external legal counsel. According to the FT, the letter alleges that Adidas staff received kickbacks from external service providers who were commissioned by the company that include "millions in cash from suppliers, and physical items such as real estate". China sales of the German sportswear giant grew by 8% in the first-quarter, the company reported earlier.

Organizations: Adidas, Financial Times Locations: China, Adidas China, German

☆ I'm a cybersecurity expert who likes using AI. But I'd never share a few things with ChatGPT or its competitors.
▼ + stars: | 2024-06-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

I'm a security expert and a vice president of engineering at a content management system company, which has Netflix, Tesla, and Adidas among its clients. Here are four things I would keep in mind when interacting with AI chatbots like OpenAI's ChatGPT, Google's Gemini, Anthropic's Claude, or Perplexity AI. Follow company AI guidelinesAs using AI in the workplace becomes common for tasks like coding or analysis, it is crucial to follow your company's AI policy. As AI chatbots become more humanlike, we are swayed to share more and open up to topics we would not have before. Do you work in tech or cybersecurity and have a story to share about your experience using AI?

Persons: —, Sebastian Gierlinger, Google's, Anthropic's Claude, ChatGPT, OpenAI, chatbots Organizations: Service, Netflix, Tesla, Adidas, Business, Facebook Locations: Storyblok, Austria

☆ Real Madrid are Champions League winners again – and their power only looks set to grow
▼ + stars: | 2024-06-01 | by ( Dermot Corrigan | ) www.nytimes.com time to read: +16 min

The easier bit was the 90 minutes as Real Madrid won a record-extending 15th Champions League title by beating Borussia Dortmund in Saturday’s final. Off the pitch, Madrid topped Deloitte’s Football Money League 2024 with the highest revenues across the game over 2022-23. Madrid had been thrashed 4-0 by Pep Guardiola’s Manchester City in their Champions League semi-final second leg, while Xavi’s Barcelona easily won La Liga title. The ratings below, based on a model devised by sports intelligence firm Twenty First Group, help show the strength of many Madrid players whose best days are still ahead of them. Another key part of Madrid’s club value is its global reach and brand.

Persons: Dani Carvajal, Vinicius Junior, Nacho, Florentino Perez, Carlo Ancelotti’s, Jude Bellingham, Vinicius Jr, Federico Valverde, Rodrygo, Eder Militao, Aurelien Tchouameni, Eduardo Camavinga, Endrick, Pep, Cristiano Ronaldo, Sergio Ramos, Gareth Bale, Karim Benzema, Julian Finney –, Borja Garcia, ”, “ Perez, Lionel Messi, Ronaldo, Thibaut Courtois, David Alaba, Antonio Rudiger, Zinedine Zidane, David Beckham, € 350milllion, Eden Hazard, Luka Jovic, Zidane, Beckham, Boris Horvat, Harry Kane, Perez, Joselu, Arda Guler, — €, €, Valverde, Brahim Diaz, Alphonso Davies, 519million, Bale, Isco, Benzema, Toni Kroos, Garcia, “, Madrid’s Santiago, Florencia Tan Jun, 140million, € 1bn, Taylor Swift, 5million, “ We’ll, Andrea Sartori, trumpeted, ” Garcia, “ They’ve, they’ve, I’ve, 5.1billion, socios, 867million, It’s, Michael Regan – Organizations: Real Madrid, Borussia Dortmund, Madrid, Santiago Bernabeu, Liga, Supercopa de Espana, Atletico Madrid, Copa del Rey, Deloitte’s Football, Football Benchmark, Bernabeu, Manchester City, Champions League, Barcelona, La Liga, League, Julian Finney – UEFA, UEFA, Getty, Sport Management, Loughborough University, “, Juventus, Manchester United, Casemiro, Football, Arsenal, Bayern Munich, Bellingham, PSG, Chelsea, City, Madrid’s Santiago Bernabeu, €, € 1bn Bernabeu, NFL, 80million, Adidas, Emirates Airline, “ Real, Manchester City FC, Sixth, Providence, Catalan, Barca €, Super League, Super, Justice, Michael Regan – UEFA Locations: Saturday’s, Barcelona, Wembley, Madrid, Kylian Mbappe, “ Madrid, Tchouameni, Bellingham, AFP, England, Chelsea, Lille, Bernabeu, “ Real Madrid, Real, United States

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