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Adidas issues warning over unsold Yeezy stock

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Adidas warned it could lose $1.3 billion in revenue in 2023 if it's unable to sell its existing Yeezy stock.

The company ended its partnership with rapper Ye, formerly known as Kanye West, after he made antisemitic comments.

Adidas shares dropped by around 11% on the warning.

Read more from CNBC.

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