Adidas proves patience is key for brand strategy
FIVE months after Adidas dumped the “Yeezy” brand from its portfolio, the German apparel company is struggling to fill the gap in lost profits.
However, evidence from secondary sneaker reseller markets proves that Adidas’ strong early statements to defuse the controversy coupled with its cool patience may provide a path for redeeming the brand – an important intangible asset for the company.
On October 25, 2022, Adidas announced it had terminated its contract with fashion designer and music artist Ye (formerly known as Kanye West). At the time, GQ’s “Most Stylish Man of the Decade” was in the middle of a series of outbursts that quickly alienated him from major companies.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
Markets are embracing India’s Modi for what he won’t do
Meta’s results are best viewed through rose-tinted AI glasses
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
Japan is poised to fill an EV gap left by China
Private credit is disrupting Hong Kong bankers’ cosy lives