Acquired
Nike
Ben Gilbert
And they claim around $500 million of this is the Yeezy write-down. They posted an actual net loss last quarter. It is a pretty disastrous situation over there. And there's a full-out slide in their deck where they admit, we think we're better than this and we're not. I didn't realize it was that bad for Adidas. It's bad. It's really bad. They're in a complete reset year.
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