The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Adidas AG chief executive officer Bjorn Gulden has apologised for questioning whether Ye, formerly known as Kanye West, really meant the antisemitic statements he made last year.
Gulden characterised his comments from a recent podcast as a “misstatement” and said Adidas is committed to fighting antisemitism and “completely opposed to the ugly hate” that Ye expressed in the fall. The CEO’s remarks were conveyed in a post on X, the social media platform formerly known as Twitter, by Jonathan Greenblatt, head of the Anti-Defamation League, who cited a conversation with Gulden.
Gulden had reignited the furore over the German company’s handling of the Ye situation with his comments on the “In Good Company” podcast last week. On that show, Gulden said that he didn’t think that Ye really meant the antisemitic statements he made last year that led the sneaker maker to terminate its lucrative Yeezy collaboration with the rapper and designer.
Ye’s actions included wearing a “White Lives Matter” shirt at a Yeezy fashion show in Paris, and making a series of antisemitic remarks — at one point posting that he would go “death con 3 On JEWISH PEOPLE.”
At the time of the scandal, Gulden was CEO of Puma SE. He took over at Adidas in January, after the split with Ye.
“Our decision to end our partnership with Ye because of his unacceptable comments and behaviour was absolutely the right one,” an Adidas spokesman said in an emailed statement Friday morning, confirming that the company has been in contact with the ADL. “Our stance has not changed: Hate of any kind has no place in sports or society, and we remain committed to fighting it.”
Since joining Adidas, Gulden has overseen the company’s efforts to move beyond the Ye era and to sell its remaining Yeezy inventory, which could be worth as much as $1.3 billion.
Adidas is sharing some of the proceeds from the Yeezy sales with charities that work to fight discrimination and hate speech, including the Anti-Defamation League, Robert Kraft’s Foundation to Combat Antisemitism and the Philonise & Keeta Floyd Institute for Social Change.
By Tim Loh
Learn more:
Adidas CEO Says Ye Didn’t Mean His Antisemitic Remarks
Adidas AG chief executive officer Bjorn Gulden said he doesn’t think that Ye, formerly known as Kanye West, really meant the antisemitic statements he made last year that led the sneaker maker to terminate their highly lucrative partnership.
Bottega Veneta designer Matthieu Blazy, Gap Inc CEO Richard Dickson, Brunello Cuccinelli and others discussed craft, culture, brand building and more, while a panel of sustainability stakeholders examined the colonial dynamics embedded in fashion’s climate crisis.
BoF’s Imran Amed and McKinsey’s Achim Berg unpack what opportunities and challenges businesses should look out for in the year ahead.
The eighth annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals an industry navigating deep uncertainty. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
Artificial intelligence, preserving a sense of humanity and the power of representation were just a few of the topics covered by speakers including Chanel CEO Leena Nair.