B.C. serial killer Robert Pickton dead following prison attack
Convicted B.C. serial killer Robert Pickton, who preyed on women he lured from Vancouver's Downtown Eastside to his rural pig farm, has died.
Adidas said it might have to write off the remaining 300 million euros (US$320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company will decide in the coming weeks whether or not to do a third release of the shoes next year to generate more donations to groups fighting antisemitism.
The shoe and sports clothing company, which cut ties with Ye in October 2022 after he made antisemitic remarks online, has sold 750 million euros worth of the shoes in two stages earlier this year through Adidas smartphone apps and its website.
Part of the profits went to groups like the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change, run by social justice advocate Philonise Floyd, the brother of George Floyd.
The company included the possible write-off of the remaining Yeezy inventory in its outlook Wednesday for its earnings this year, narrowing its expected loss to 100 million euros from an earlier prediction of 450 million euros, thanks in part to the earlier two releases of Yeezy shoes.
CEO Bjorn Gulden, who took over after the Yeezy breakup, is leading an effort to recover from the loss of the profitable Yeezy business.
The announcement from Adidas comes at a time of rising antisemitism and islamophobia after the outbreak of the Israel-Hamas war.
Gulden referenced the "terrible circumstances" in the Middle East, saying some of the company's more than 600 employees in Israel had been called up for military service and that "we, as a company, are starting donations programs, for the whole area, also for Gaza."
The company is working with the SOS Kinderdoerfer weltweit children's relief agency to help those who have been affected by the conflict.
The assumption in the outlook is that remaining Yeezy inventory "will be written off....if that will happen or not is something that we evaluate all the time, so there are no decisions on what we'll do," Gulden told reporters on a conference call. "Right now, that is financially the worst case and it is a possibility. Currently there is no decision. "
He added that "we of course hope we can do more drops next year and we can get more value out of it and donate the proceeds, but right now financially we haven't made a decision and that's why the outlook is the way it is."
He said there were "many scenarios" and that the shoes were stored in a number of different locations. He declined to say what the company would do with the shoes if they remain unsold.
The breakup with Ye left the company, based in Herzogenaurach, Germany, with 1.2 billion euros worth of unsold Yeezys and searching for a responsible way to dispose of them.
Giving the shoes away to people in need would have raised concerns about informal resales due to their high market value, the company said, while restitching them to remove the brand identification would have been dishonest.
Convicted B.C. serial killer Robert Pickton, who preyed on women he lured from Vancouver's Downtown Eastside to his rural pig farm, has died.
Two young children and three adults were seriously injured in a major collision on Highway 417 between Palladium Drive and Carp Road in Ottawa's west end Friday afternoon.
The Department of National Defence is moving approximately 1,000 employees out of an office building in Ottawa's Lowertown neighbourhood, citing safety concerns for its employees.
A newborn is dead after being delivered via emergency C-section to a woman in police custody.
Jennifer Lopez has cancelled her 2024 North American tour, representatives for Live Nation confirmed to The Associated Press.
After years of price increases and a decline in customers, fast food chains in the United States are competing with each other and offering value deals in hopes of bringing more foot traffic into their establishments.
There's a luxury 'tree home' for sale in Calgary.
Marian Shields Robinson, the mother of Michelle Obama who moved with the first family to the White House when son-in-law Barack Obama was elected president, has died. She was 86.
The federal Liberal government learned Friday it might have to retreat on a proposal within its electoral reform legislation to delay the next vote by one week, after all opposition parties came out to say they can't support it.
A hefty donation by a renowned local activist to the University of Winnipeg has created what is believed to be the most comprehensive two-spirit archives in all of Canada.
Leanne Van Bergen discovered a skulk of 10 baby foxes, and two mothers, had made themselves at home on her property in Beausejour.
An 81-year-old Waterloo, Ont. woman thought she’d never ride a horse again after a brain bleed led to severe physical complications.
A CP24 camera caught the moment a driver frantically got out of her car as it was being dragged by a truck on Avenue Road Wednesday afternoon.
Prince Edward Island is celebrating its first-ever International Day of Potato on Thursday.
The president of Covered Bridge Chips in New Brunswick is hoping to have his factory rebuilt for late 2025 following a devastating fire last year.
Students and staff at Winnipeg’s Westwood Collegiate had a unique problem to solve this month; how do you lead ducks to water from the school’s courtyard when 12 of them can’t fly yet?
Debby Lorinczy remembers her father as an amazing person and as a man who also made an amazing discovery.
Abigail Strate is a member of the Canadian national ski jumping team and an Olympic bronze medallist. She's also a certified beekeeper.