Adidas ends partnership with Beyonce - WSJ

March 28, 2023 7:06 AM EDT

FILE PHOTO: The Adidas logo is pictured during celebrations for German sports apparel maker Adidas' 70th anniversary at the company's headquarters in Herzogenaurach, Germany, August 9, 2019. REUTERS/Andreas Gebert

LONDON (Reuters) - Adidas has ended its fashion partnership with Beyoncé, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

If confirmed, it would mark a second high-profile split between Adidas and a celebrity partner, after the German sportswear giant ended its collaboration with Kanye West over his antisemitic comments.

Adidas, which had signed a deal with Beyoncé in April 2019 to relaunch her brand Ivy Park, declined to comment.

The Hollywood Reporter was the first to report the sportswear giant and the American pop star cut ties, saying last Thursday the decision was mutual and citing "major creative differences".

The Wall Street Journal said sales of Ivy Park have been underperforming expectations for years.

(Reporting by Helen Reid, Editing by Louise Heavens)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

General News, Reuters