Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Skechers says escorted Ye out of LA office after rapper arrived 'unannounced'

Published 10/26/2022, 06:29 PM
Updated 10/26/2022, 08:21 PM
© Reuters. FILE PHOTO: Rapper Kanye West speaks during a meeting with U.S. President Donald Trump to discuss criminal justice reform in the Oval Office of the White House in Washington, U.S., October 11, 2018. REUTERS/Kevin Lamarque

© Reuters. FILE PHOTO: Rapper Kanye West speaks during a meeting with U.S. President Donald Trump to discuss criminal justice reform in the Oval Office of the White House in Washington, U.S., October 11, 2018. REUTERS/Kevin Lamarque

(Reuters) - Skechers USA (NYSE:SKX) Inc said on Wednesday its executives escorted Ye, formerly known as Kanye West, out of a Los Angeles corporate office, after the rapper and fashion designer "showed up unannounced and uninvited".

The footwear maker "has no intention of working with West," it said in a statement.

Skechers' comments come a day after sportswear brand Adidas AG (ETR:ADSGN) ended its partnership with West, following a series of antisemitic comments from the celebrity.

"We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech," Skechers said.

Reuters was not immediately able to contact Ye's representatives for comment.

Apparel company Gap Inc (NYSE:GPS), which terminated its tie-up with West in September, is also taking immediate steps to remove Yeezy Gap products from its stores and shut down YeezyGap.com.

© Reuters. FILE PHOTO: The outside of a Skechers shoe store is seen at Times Square in New York May 2, 2014. REUTERS/Shannon Stapleton

Shares of California-based Skechers were up nearly 1% in extended trading, after closing down nearly 10% on Wednesday.

The company on Tuesday forecast current-quarter sales below Wall Street estimates after missing third-quarter earnings expectations, dented by higher operating costs and a hit from foreign exchange rates.

Latest comments

While he said deathcon 3 I'm assuming he meant defcon 3 which is an alert state used by the US military.
The spammers are more effective in posting spam than Investing is in blocking or removing it. They should be running the company.
They get paid to allow it. Ask yourself, have you ever seen this problem at any other paid sites forums?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.