All Falls Down: Balenciaga, Adidas & J.P. Morgan Chase All Face Troubles After Dropping Ye
Editor's note: This look into American consumer culture is presented for your research into “Satanic Panic” and Balenciaga.
Yikes .. and it “All Falls Down!” Is this karma for dropping Kanye West? It's being reported that Balenciaga, Adidas and J.P. Morgan Chase are facing some kind of troubles after their very public cutting of ties with Ye.
All Falls Down: Balenciaga, Adidas & J.P. Morgan Chase All Face Troubles After Dropping Kanye West
As many know, Ye had a very tumultuous year in 2022 after revealing some remarks that were deemed anti-Semitic. And things only continued to pile up for the Chicago rapper after he continued to double down on his personal views.
Besides backlash from some angry fans and critics online, Ye ended up getting dropped from his partnerships with luxury fashion brand Balenciaga, Adidas and financial institution J.P. Morgan Chase.
While Ye has been keeping a some what of a low profile in the past few months of his anti-Semitic fallout, it is now being reported that the companies that terminated their contracts with Ye, are now experiencing some type of financial and/or reputational hardship.
In regards to J.P. Morgan Chase, after cutting its ties with Ye last year, it is reported that they are now being accused of being involved in the child trafficking ring with deceased financier Jeffrey Epstein.
Apparently, former JPM&C executive Jes Staley allegedly had over 1,000 sexually explicit emails revealed in connection to Epstein. Staley, who is also the former CEO of Barclays, allegedly exchanged sexually suggestive mails, including photos of young women.
As for Balenciaga, which cut ties with Kanye West in October, the brand was later involved in a highly-publicized pedophilia scandal after releasing a campaign with children holding bears in bondage, and another campaign that featured child pornography court documents laying on a table.
And with Adidas, which cut ties with Ye in October 2022, they later would reveal in 2023, that might end up losing over $1 billion in revenue after cutting its ties with Ye and his Yeezy brand.
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#Socialites, as it all falls down for these companies, is this the Curse of cutting Kanye West? Be sure to check out this source.
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PBJ Learning is a leading provider of online human trafficking training, focusing on awareness and prevention education. Their interactive Human Trafficking Essentials online course is used worldwide to educate professionals and individuals how to recognize human trafficking and how to respond to potential victims. Learn on any web browser (even your mobile phone) at any time.
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This “Eyes on Trafficking” story is reprinted from its original online location.
ABOUT PBJ LEARNING
PBJ Learning is a leading provider of online human trafficking training, focusing on awareness and prevention education. Their interactive Human Trafficking Essentials online course is used worldwide to educate professionals and individuals how to recognize human trafficking and how to respond to potential victims. Learn on any web browser (even your mobile phone) at any time.
More stories like this can be found in your PBJ Learning Knowledge Vault.