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HomeStockAdidas launches probe into misconduct allegations towards Kanye West By Reuters

Adidas launches probe into misconduct allegations towards Kanye West By Reuters


© Reuters. FILE PHOTO: Rapper Kanye West requires a query from the gang as he holds his first rally in help of his presidential bid in North Charleston, South Carolina, U.S. July 19, 2020. REUTERS/Randall Hill

By Akriti Sharma

(Reuters) -Adidas AG on Thursday mentioned it has launched an investigation into allegations of inappropriate habits by Kanye West, after the German sporting items maker final month ended its partnership with the rapper and designer.

Adidas (OTC:) mentioned it initiated the probe after receiving an nameless letter making a number of allegations towards the musician, who now goes by Ye.

The investigation follows a report by Rolling Stone journal that detailed alleged incidents of inappropriate habits by Ye towards employees and potential workers. Rolling Stone cited interviews with greater than two dozen former Yeezy and Adidas employees.

In line with the journal, former members of the crew despatched an nameless letter to Adidas during which they mentioned senior leaders on the firm had been conscious of Ye’s habits, however had turned a “blind eye” and “turned their ethical compass off.”

“It’s at the moment not clear whether or not the accusations made in an nameless letter are true,” an Adidas spokesperson mentioned in an announcement to Reuters.

“Nevertheless, we take these allegations very significantly and have taken the choice to launch an unbiased investigation of the matter instantly to handle the allegations.”

Ye couldn’t be instantly be reached for remark. Information of the probe was first reported by the Monetary Occasions on Thursday.

Union Funding, which owns a 0.76% stake in Adidas, wrote to the corporate asking for extra details about the claims.

“Adidas must disclose when the administration and the supervisory board was first knowledgeable in regards to the inner allegations,” Janne Werning, who heads ESG Capital Markets & Stewardship at Union Funding, mentioned in an announcement to Reuters.

Ye has courted controversy in current months by publicly ending main company tie-ups and making outbursts on social media towards different celebrities. His Twitter and Instagram accounts had been restricted, with the social media platforms eradicating a few of his posts that customers condemned as antisemitic.

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