Adidas to discontinue partnership with Beyonce: Report

Adidas to discontinue partnership with Beyonce: Report

According to the Hollywood Reporter, who was the first to report that the American pop star is cutting ties with Adidas said last Thursday that this decision was taken mutually due to differences in creativity.

FPJ Web DeskUpdated: Wednesday, March 29, 2023, 02:18 PM IST
article-image
Adidas to discontinue partnership with Beyonce: Report |

Adidas has ended its partnership with Beyoncé, reported the Wall Street Journal citing sources familiar with the matter.

If this is confirmed then this will be the second high profile split between Adidas and a celebrity partner. The first one being Kanye West, the German sportswear giant ended the partnership over his antisemitic comments.

According to the Hollywood Reporter, who was the first to report that the American pop star is cutting ties with Adidas said last Thursday that this decision was taken mutually due to differences in creativity.

Adidas and Beyoncé had teamed up in 2018 to introduce the Ivy Park range but according to The Wall Street Journal Ivy Park had been underperforming for a while.

Since the company's breakup with Ye, formerly known as Kanye West the company has not been able to replace the approximately #2 billion in sales that his Yeezy line generated.

RECENT STORIES

Adani Defence Investment Plan, Big Push To India’s Security As Group Plans ₹1.8 Lakh Crore...

Adani Defence Investment Plan, Big Push To India’s Security As Group Plans ₹1.8 Lakh Crore...

Year-Ender 2025: Indian Equities Bounce Back After Correction, Earnings & Rate Cuts To Shape 2026

Year-Ender 2025: Indian Equities Bounce Back After Correction, Earnings & Rate Cuts To Shape 2026

Bajaj Finance Drags Markets Lower This Week, Here's What Pulled Down Top Stocks?

Bajaj Finance Drags Markets Lower This Week, Here's What Pulled Down Top Stocks?

Foreign Investors Pull Out At Record Pace, Here’s What Triggered ₹1.6 Lakh Crore Exit From...

Foreign Investors Pull Out At Record Pace, Here’s What Triggered ₹1.6 Lakh Crore Exit From...

Macro Data, FPI Trading To Steer Markets This Week, Analysts See Range-Bound Moves

Macro Data, FPI Trading To Steer Markets This Week, Analysts See Range-Bound Moves