Ye escorted out of Skechers office in Los Angeles after he showed up unannounced

Ye escorted out of Skechers office in Los Angeles after he showed up unannounced


Rapper Kanye West smiles during a meeting with U.S. President Donald Trump to discuss criminal justice reform at the White House in Washington, October 11, 2018.

Kevin Lamarque | Reuters

Ye, formerly known as Kanye West, was escorted out of the Los Angeles office of shoemaker Skechers, the company said Wednesday afternoon, as the fallen rapper and fashion mogul continues to face fallout from his recent antisemitic remarks.

Ye showed up unannounced and was escorted out of the building by two executives, the company said. Ye has officially changed his name from Kanye West.

“Skechers is not considering and has no intention of working with West. We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech,” the company said in a statement. “The Company would like to again stress that West showed up unannounced and uninvited to Skechers corporate offices.”

Ye loses billionaire status after Adidas drops him

Several companies and organizations have condemned Ye over his recent racist and antisemitic remarks. The Skechers incident comes a day after Adidas severed its relationship with him. Also Tuesday, Foot Locker and Gap said they would immediately remove products from Ye’s Yeezy line from their stores, saying they do not tolerate antisemitism.

Forbes said Ye lost his billionaire status when Adidas cut ties with him, adding that his net worth dropped to $400 million, which comes from his music catalog, real estate and his 5% stake in ex-wife Kim Kardashian’s shapewear company, Skims. Forbes said his Adidas deal added $1.5 billion to his net worth.

Read Skechers’ statement below:

Skechers USA, Inc., The Comfort Technology Company™, stated Kanye West — also referred to as Ye — arrived unannounced and without invitation at one of Skechers’ corporate offices in Los Angeles. Considering Ye was engaged in unauthorized filming, two Skechers executives escorted him and his party from the building after a brief conversation. Skechers is not considering and has no intention of working with West. We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech. The Company would like to again stress that West showed up unannounced and uninvited to Skechers corporate offices.

– CNBC’s Jessica Golden contributed to this report.



Source

Abercrombie & Fitch shares plunge 17% as retailer cuts its holiday guidance
Business

Abercrombie & Fitch shares plunge 17% as retailer cuts its holiday guidance

Some retailers provided early holiday results on Monday that showed the crucial shopping season was solid, but didn’t blow away expectations.  Lululemon, which is preparing for a new CEO and staring down a proxy battle with its founder, said in a release it expects its holiday quarter to be “toward the high end” of its […]

Read More
JPMorgan’s looming question: What happens when CEO Jamie Dimon leaves?
Business

JPMorgan’s looming question: What happens when CEO Jamie Dimon leaves?

As Wall Street’s top bankers huddled in New York last month, preparing to convince Elon Musk’s SpaceX that they should be chosen to lead its upcoming IPO, one firm wasn’t letting its star advisor miss the bake-off. Among the squad of JPMorgan Chase investment bankers flying 2,500 miles west to California to pitch SpaceX was […]

Read More
Jersey Mike’s strikes European expansion deal led by founder Peter Cancro
Business

Jersey Mike’s strikes European expansion deal led by founder Peter Cancro

Jersey Mike’s Subs is taking its signature sandwiches overseas with its first European expansion set for this year, the company said Monday. Leading the push is the brand’s founder and board chair, Peter Cancro, via his company, JM Submarines UK LTD. The deal between Jersey Mike’s and Cancro’s entity calls for 400 stores to be […]

Read More