DIRS.INFO The most relevant business & tech news

☆ A real-estate agent might have bought Ken Griffin's cell phone number from a former FBI employee to facilitate the $240 million sale of a New York City condo
▼ + stars: | 2023-06-10 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +4 min

In 2019, real-estate agents and brothers Tal and Oren Alexander sold a $240 million condo. That's the Alexander brothers' unofficial mantra. In 2015, Griffin dropped $46.4 million on an abstract painting by Gerhard Richter, putting him in the Alexanders' crosshairs. Tal wouldn't reveal how he acquired Griffin's cell phone number, Clarke noted, but one of the writer's sources said he bought it from a former FBI agent. But Griffin wasn't interested in the penthouse Tal had in mind for him.

Persons: Tal, Oren Alexander, Ken Griffin, —, Alexander, Katherine Clarke, Clarke, it's Tal, Oren —, Oren, Douglas Elliman, Griffin, Gerhard Richter, Tal wouldn't, Griffin wasn't, — Griffin, Shlomy Alexander, They've, Kim Kardashian, Kanye West, Leon Black, Tommy Hilfiger Organizations: Service, Wimbledon, Rollers, Penguin Random, Citadel, Old, FBI, Alexander Team Locations: Aspen, Saudi, United States, Central Park, Miami, Miami Beach

☆ Tucker Carlson is nothing without Fox News, and his sad Twitter broadcast debut proves it
▼ + stars: | 2023-06-07 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Tucker Carlson is in trouble, if his first livestream is anything to go by. Without the chyron and quick cuts, Carlson must now compete with the likes of Alex Jones — and he's losing. First off, make no mistake: Tucker Carlson still gets the views. But "Tucker on Twitter" is not "Tucker Carlson Tonight." And of course, Alex Jones, who screams about gay frogs while selling snake oil dietary supplements.

Persons: Tucker Carlson, Carlson, Alex Jones —, he's, —, Tucker, Carlson —, Taylor Lorenz, Tucker Carlson's, MSNBC's Mehdi Hasan, Alex Jones, Hasan, Lorenz, Steve Bannon, Nick Fuentes, Dan Bongino, Carlson's Organizations: Fox News, Service, Twitter, Kanye West

☆ You can buy more Yeezys today, if you can get past the app crashes and error messages
▼ + stars: | 2023-06-01 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Customers took to social media to voice their displeasure with the company's Confirmed app. Among the issues, users reported crashes, error messages, and long wait times on draw results. Of the many silhouettes included in the restock, Yeezy Foam Runners, Yeezy Slides, and the "Pirate Black" 350 were the most coveted. Sneakers restocked on the Confirmed app via an online raffle or first-come first serve basis. Many sneakerheads could not enter a draw on the Nike SNKRS app because of app crashes or frozen screens.

Persons: —, Taylor Swift, Nike's SNKRS, Lucy Rouse Organizations: Adidas, Service, Kanye, Nike, Air, Ticketmaster Locations: Chicago

☆ Yeezy Sneakers Go Back on Sale as Adidas Looks to Move Past Kanye West Controversy
▼ + stars: | 2023-05-31 | by ( Trefor Moss | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/yeezy-sneakers-go-back-on-sale-as-adidas-looks-to-move-past-kanye-west-controversy-be628365

Persons: Dow Jones

☆ Adidas Starts Unloading Its Yeezy Gear, to Benefit Anti-Hate Groups
▼ + stars: | 2023-05-31 | by ( Melissa Eddy | ) www.nytimes.com time to read: +3 min

Adidas said its decision to sever ties with Ye cost the company €1.2 billion in lost sales and about €500 million in profit this year. Jonathan A. Greenblatt, chief executive of the Anti-Defamation League, which is among the groups that will benefit from the proceeds of the sale, welcomed Adidas’s decision as one fitting the complexity of the problem. But other groups noted that despite Adidas’s pledge to donate the proceeds, Ye will still make money off the sales. The Yeezy brand became a defining force in the sportswear industry and an incredibly lucrative cornerstone for Adidas. Adidas said it was considering further releases of the Yeezy inventory, but it did not give a timeline.

Persons: Ye, Gulden, Philonise Floyd, George Floyd, Jonathan A, Greenblatt, Mr, “, ”, Josef Schuster, Michael Jordan Organizations: Adidas, Keeta Floyd Institute for Social, Defamation League, Central Council of, Kanye, Nike Locations: Germany

ImageFamily dramaHBO will release its last episode of “Succession” on Sunday. The fictional Roy family in “Succession” bears an uncanny resemblance to the Murdoch family. On the other was Wellington’s nephew, Tim Mara. Show credits could feature the Venetian blind that reportedly divided their stadium luxury suites at the height of their tension. The series would end in 1995 when Tim Mara, lacking any other recourse, sold his stake in the team.

☆ This LA talent manager started her own business only using handshake deals. Here's how she landed top clients and helped them achieve what they care about most.
▼ + stars: | 2023-05-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

But she doesn't sign contracts with her clients, instead focusing on genuine relationships. Talent managers might have a bad rep with overbearing contracts and hefty fees, but for Perice and Made By All, clients are only held to a handshake. "I don't believe in contracts, so everything is a handshake for me, and my word is my contract," she said. Deals between clients and brands are done with signed contracts, but Perice still communicates with the NFL via DMs and texts. "Adam loves giving back, so we're able to really tie in the things that he cares about his brand."

Persons: Leanne Perice, She's, —, I'm, Teyana Taylor, Perice, –, Kanye, Taylor, Ugo Mozie, There's, influencer Helen Owen, Adam Waheed, it's, Waheed, Adam Organizations: Service, Interscope Records, NFL, DMs, CMO, UPS, Spice, Forbes Locations: Bali, West Coast, Los Angeles, Europe, Florence, Italy, Fairfax

☆ FBI search of home of a journalist and a Tampa Bay councilwoman related to alleged leaks at Fox News: report
▼ + stars: | 2023-05-26 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

The FBI is investigating alleged leaks at Fox News linked to unaired footage of Tucker Carlson's interview with rapper Kanye West. The feds executed a search warrant at the home of a Tampa Bay city councilwoman and her husband, a media consultant and ex-journalist, earlier this month. Potential crimes being investigated include unauthorized computer access and conspiracy, The Tampa Bay Times reported. That's according to The Tampa Bay Times, which reported that as part of the investigation, the FBI executed a search warrant on the home of city councilwoman Lynn Hurtak and her husband, Tim Burke, earlier this month. A Tampa Bay prosecutor sent a letter to Fox News informing the network of the ongoing criminal investigation into the alleged hacks, The Times reported.

Persons: Tucker Carlson's, Kanye, —, Lynn Hurtak, Tim Burke, Burke, Carlson, Jay Trezevant, Fox, Hurtak's, Hurtak Organizations: FBI, Fox News, Kanye West, Tampa Bay Times, Service, Times, West, Voting Systems, Media, America, The Times, Dominion, Tampa Bay, Current Locations: Tampa Bay, councilwoman, Tampa

☆ Justice Department opens criminal hacking probe into leaked Tucker Carlson videos
▼ + stars: | 2023-05-26 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

After Fox News fired Carlson in April, the progressive watchdog Media Matters published embarrassing behind-the-scenes video of Carlson making crude remarks while joking with staff and denigrating the Fox Nation streaming service. The Justice Department specifically said in its letter to Fox News that the criminal probe it is conducting is connected to the leaked video published by Media Matters. In a statement to CNN on Friday, Media Matters reiterated its decision to report on newsworthy material. The Justice Department letter stressed that it was not “making any suggestions or allegations of wrongdoing” against the publishers of the leaked videos. The Justice Department letter to Fox News made no mention of Burke.

☆ Nike execs warned Adidas that Kanye West was difficult to work with – but the sportswear brand partnered with him anyway, a report says
▼ + stars: | 2023-05-25 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Adidas ignored warnings from Nike that Kanye West was difficult to work with, Bloomberg reported. West started selling Yeezy sneakers with Nike in 2009, before later partnering with Adidas. Over the course of Adidas' partnership, West's behavior became increasingly erratic. Before Adidas partnered with him on its Yeezy range, Ye had already worked with Nike to develop the Air Yeezy range, with the first sneakers hitting shelves in 2009. Adidas staff were concerned about the rapper's actions for years, but the company's reliance on his sneaker range meant execs were reluctant to take action, per Bloomberg's report.

☆ Adidas and Yeezy staff were told to carry on as usual and ignore Kanye West's antisemitic rants, new report says
▼ + stars: | 2023-05-25 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +2 min

Adidas and Yeezy staff were told to carry on as usual after Kanye West made antisemitic comments. A new Bloomberg report sheds light on the unraveling of the Adidas-Yeezy partnership. One unnamed source told Bloomberg that after Kanye West – now known as Ye – made antisemitic comments that led him to be suspended from Twitter and Instagram, Adidas was slow to react. Yeezy and Adidas workers were reportedly told "to keep working as if nothing unusual was happening," Bloomberg's Eugene Kim and Tim Loh wrote. "I can say antisemitic things and Adidas can't drop me.

☆ Adidas is re-releasing a popular Yeezy from the past
▼ + stars: | 2023-05-22 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Now, we know the Yeezy Boost 350 "Pirate Black" will be the first to come back on the market. Stadium GoodsThe Yeezy Boost 350 "Pirate Black" was last released in 2016 during the peak of Adidas Yeezy hype. At the time, Adidas produced limited pairs of Yeezys, which fueled consumer demand for models like the Yeezy Boost 350 and Yeezy Boost 750. The "Pirate Black" Yeezy Boost 350 sneakers are one of many Yeezys coming back beginning at the end of May, according to Adidas. Others include popular colorways like the Yeezy 350 V2 "Zebra" and the Yeezy 500 "Utility Black."

☆ Beyoncé and Jay-Z smash California real estate records with their purchase of a $200 million concrete compound overlooking the ocean
▼ + stars: | 2023-05-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

The $200 million mansion was created by architect Tadao Ando, who also designed a home for Kanye West. The concrete compound comes with a 40,000 square foot residence and pool just steps from the beach. The concrete compound features an infinity pool just steps from the Pacific ocean. A sky view of 27712 Pacific Coast Highway in Malibu, purchased by Beyonce and Jay-Z in May of 2023 for $200 million. The 40,000 square foot residence was designed by iconic Japanese architect Tadao Ando.

☆ Kim Kardashian says parenting her four children is 'the best chaos'
▼ + stars: | 2023-05-21 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Kim Kardashian is a business mogul, lawyer in training and reality TV star – but says her most challenging, and rewarding, job is being a mom. “Everyone says the days are long and the years are short, and that couldn’t be a more true statement,” Kardashian said. “Especially when they’re babies and you’re feeding and there’s madness going on.”“It’s the best chaos though,” she added. They wed in 2014, in a lavish European ceremony, before Kardashian filed for divorce in 2021. “It is the most challenging, rewarding job on this planet,” she said.

☆ Adidas will finally start to move its $1.3 billion mountain of unsold Yeezy sneakers within days
▼ + stars: | 2023-05-20 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Adidas will start offloading its Yeezy stock worth $1.3 billion at the end of May. The company plans to donate proceeds to nonprofits including one run by the sister of George Floyd. Adidas struggled to work out what to do with Yeezy stock after severing ties with Kanye West. In a statement Friday, the company said it would release an initial batch of Yeezy stock at the end of May. "At a time when antisemitism has reached historic levels in the US and is rising globally, we appreciate how adidas turned a negative situation into a very positive outcome," he said, per the Adidas statement.

☆ Adidas to donate Yeezy proceeds to Anti-Defamation League and other NGOs
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +3 min

[1/4] Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. Adidas cut ties with West, who goes by Ye, in October after he made a string of antisemitic comments in interviews and on social media. The German sportswear maker was left with Yeezy shoes worth 1.2 billion euros ($1.3 billion). The value of Yeezy shoes in the resale market has rocketed since then, with some models more than doubling in price. Adidas said there could be further releases of Yeezy stock but no decisions have been made on timing.

☆ Adidas to start selling Yeezy shoes at the end of May
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

[1/4] Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. REUTERS/Allison JoyceFRANKFURT, May 19 (Reuters) - Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company said on Friday, and plans to donate the proceeds to selected organisations combating racism and hate. The news fleshes out plans initially outlined last week and follows Adidas' move to cut ties with West over anti-Semitic comments made last year, leaving the German sporting goods maker with Yeezy brand shoes worth 1.2 billion euros ($1.3 billion). The initial sale of some of the shoes marks the first time the products have been available to customers since Adidas (ADSGn.DE) terminated the partnership in October 2022. Among others, planned recipients of the proceeds include the Anti-Defamation League (ADL) and the Philonise & Keeta Floyd Institute for Social Change, Adidas said.

☆ Adidas will sell existing Yeezy items, donate some revenues
▼ + stars: | 2023-05-19 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Adidas said Friday that it will start selling Yeezy products later this month for the first time since it ended its relationship with rapper Ye in October. The apparel company cut ties with Ye, formerly known as Kanye West, after he made a string of hateful, antisemitic comments. "Selling and donating was the preferred option among all organizations and stakeholders we spoke to," Adidas CEO Bjorn Gulden said in a statement. Adidas' most recent earnings beat expectations, but were weighed down by Yeezy inventory piling up. Prior to the split, Adidas had said their partnership with Yeezy was one of the most successful collaborations in the history of the industry.

☆ Kanye West filed a trademark application for 'sock shoes' just days before Adidas said it would sell off unsold Yeezys for charity
▼ + stars: | 2023-05-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Ye filed a trademark application for "Yzy sock shoes," which may signal a future product release. It was filed only days before Adidas said it will sell its Yeezy stock and donate profits to charity. His holding company, Mascotte Holdings, filed the application to the US Patent and Trademark Office on May 4. A drawing with the caption "Yzy sock shoes" was submitted alongside the filing. In 2020, Ye's holding company also filed a trademark for Yeezy-branded cosmetics, makeup, and beauty products.

☆ Adidas will sell Yeezy shoes after all
▼ + stars: | 2023-05-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Adidas has decided what it’s going to do with its unsold Yeezy merchandise. It had been under pressure from investors to determine what to do with merchandise after Adidas terminated its partnership with Ye, formerly known as Kanye West. Adidas (ADDDF) ended its almost decade-long partnership in October 2022 after Ye wore a “White Lives Matter” T-shirt in public. Losing the highly profitable Yeezy line hit sales in the quarter by around 400 million euros ($441 million), Adidas said during its earnings last week. Adidas said it “rejects these unfounded claims and will take all necessary measures to vigorously defend ourselves against them.”

☆ Adidas will sell some leftover Yeezy inventory instead of burning it, CEO says
▼ + stars: | 2023-05-11 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Adidas intends to sell part of its leftover Yeezy inventory and donate the money to charities that were harmed by Ye's anti-Semitic comments, the company's chief executive said Thursday. Gulden took the helm of Adidas on Jan. 1, following CEO Kasper Rorsted's departure. Adidas' most recent earnings beat expectations but were weighed down by Yeezy inventory piling up. The company parted ways with Ye in October following months of bizarre behavior and antisemitic comments from the hip hop artist. The split left Adidas with inventory levels of $500 million worth of sneakers, with selling value of over $1 billion, according to the company.

☆ Ex-Yeezy COO says it's a 'smart move' for Adidas to sell leftover stock and donate proceeds to charity
▼ + stars: | 2023-05-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The former COO of Yeezy says it's a "smart move" for Adidas not to burn leftover Yeezy stock. Adidas said Thursday it'll sell its Yeezy stock and donate profits to charities hurt by Kanye West. Udi Avshalom, who worked at Yeezy between 2017 and 2022, told Insider that Adidas is making a "smart move." "I think Gulden's decision to donate to charities represented to those hurt by Ye's comments is proper," Avshalom, who is Jewish, told Insider. Adidas pulled the plug on its Yeezy partnership in October as a result of West's anti-semitic remarks on Twitter.

☆ Adidas says it won't destroy its mountain of unsold Yeezy stock but plans to sell these items and donate profits to charity
▼ + stars: | 2023-05-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

It was left with over $1 billion of Yeezy stock. Adidas CEO Björn Gulden told investors Thursday that it wouldn't destroy these items. Gulden spoke in German at the meeting; a translated version of his comments was shared with Insider by an Adidas spokesperson. Gulden then went on to say that Adidas plans to donate the profits from the sale of these items to organizations representing people who "were hurt" by West's comments. Earlier this week, the FT first reported that a top shareholder was demanding answers over Adidas' investigation into West.

☆ UK man pleads guilty to Twitter hack that compromised accounts of Joe Biden, Elon Musk
▼ + stars: | 2023-05-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. LONDON — A U.K. man pleaded guilty to helping orchestrate a high-profile hack on the Twitter accounts of numerous celebrities and politicians including Elon Musk, Joe Biden and Kanye West. Combined, the charges carry a maximum sentence of 77 years, the Justice Department said. "O'Connor communicated with others regarding purchasing unauthorized access to a variety of Twitter accounts, including accounts associated with public figures around the world," the Justice Department said Wednesday. "A number of Twitter accounts targeted by O'Connor were subsequently transferred away from their rightful owners.

☆ A major Adidas shareholder is demanding answers over the company's tumultuous relationship with Kanye West
▼ + stars: | 2023-05-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Adidas cut ties with Kanye West after his antisemitic rant last October. The company began an investigation into his behavior towards Yeezy staff last November. And now a top investor will urge Adidas to reveal the results in an annual meeting, the FT reported. According to Rolling Stone, West would scream and throw books across a room in 2020 as Yeezy staff said they feared for their wellbeing. Werning will urge Adidas to share the investigation's results "here and now" and demand the company "transparently clean up the scandal," the FT reported.

Search resuls for: "kanye"

25 mentions found