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Adidas launches probe into misconduct allegations against Kanye West

by News Desk
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November 24 (Reuters) – Adidas AG (ADSGn.DE) The German sporting goods manufacturer has launched an investigation into allegations of inappropriate behavior by Kanye West after ending a partnership with the rapper and fashion designer last month.

Adidas said it had launched an investigation after receiving an anonymous letter making several allegations against a musician calling himself Ye.

Here’s the survey: Reported by Rolling Stone magazine Rolling Stone cited interviews with more than 20 former Yeezy and Adidas staff members, detailing incidents of alleged inappropriate behavior by Ye towards staff and future employees.

According to the magazine, a former member of the team sent an anonymous letter to Adidas saying senior executives at the company were aware of Ye’s actions but “turned a blind eye” and “turned off the moral compass.” rice field.

In a statement to Reuters, an Adidas spokeswoman said: “It is not clear at this time whether the accusations made in anonymous letters are true.

“However, we take these allegations very seriously and have decided to immediately launch an independent investigation into this matter to address the allegations.”

You were not immediately available for comment. News of the investigation was first reported by the Financial Times on Thursday.

Union Investment, which owns a 0.76% stake in Adidas, has written to the company asking for more information about the allegations.

“Adidas should disclose when management and the supervisory board were first made aware of the internal allegations,” Jeanne Warning, head of ESG capital markets and stewardship at Union Investments, told Reuters. rice field.

Ye has sparked controversy in recent months by publicly ending partnerships with major companies and taking out social media outbursts against other celebrities.His Twitter and Instagram accounts have been restricted. and social media platforms removed some of his posts that users accused of being anti-Semitic.

Reported by Akriti Sharma, Bangalore.Edited by Daniel Wallis

Our criteria: Thomson Reuters Trust Principles.

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