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Adidas Reportedly In Talks To Sell Reebok
For some sneakerheads who may be unaware, Reebok is owned by Adidas. Back in 2005, the brand was bought by the Three Stripes for a large sum of $3.8 billion and they have been sharing warehouses and website assets, ever since. Now, however, this business relationship could very well be coming to an end, based on a brand new report from Manager Magazin.
This publication is based out of Germany and typically has the inside track when it comes to what’s happening over at Adidas Headquarters. Based on the report, it noted that the brand is putting together a team that will try to have Adidas sell-off Reebok by early 2021. This news comes in the midst of a disappointing Q2 sales report that showed Reebok’s revenues dip by 42 percent as a result of COVID-19.
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As for potential buyers, Manager Magazin claims Anta Sports in China or the VF Corporation are suitors. The VF Corporation is certainly an interesting candidate as it boasts properties such as Timberland, Vans, and The North Face.
So far, Adidas nor Reebok has commented on this story. Keep it locked to HNHH as we will be sure to keep you updated on this story. Also, stay tuned as plenty of other sneaker content is coming down the pipeline.
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DJ Akademiks questions if Lil Durk will get bond as the racketeering case goes on
Lil Durk’s legal battle is about to take another big step, and DJ Akademiks is already sharing his expectations for what could go down when the rapper returns to court in November.
Durk is in custody, awaiting his next VICAR case in which authorities say he was running a criminal enterprise. His next trial was set for October 5, but recent developments have called into question when those proceedings will occur.
Durk’s murder for hire trial recently resulted in a not guilty verdict in November. Regardless of that outcome, he remains in custody because the separate racketeering related charges remain unresolved. Durk’s attorneys have asked for the new hearing and have been ordered to appear by U.S. Probation and Pretrial Services, which also must submit a fresh bail report.
Against that backdrop, legal commentator Bradford Cohen had previously suggested Durk could eventually get bond. That view ties in with Durk’s not-guilty verdict in the earlier case, and the argument that the outcome could make it harder to sustain the remaining allegations.
DJ Akademiks sees things a bit differently. In a recent livestream, Akademiks predicted that Durk would not get a bond at the Nov. hearing. He believes the charges will stick and cites the seriousness of the allegations in the VICAR case as his reasoning. He also doesn’t appear to expect the rapper to be released from jail anytime soon as the case moves forward.
Akademiks’ prediction concerns the bond hearing, not Durk’s chances at trial. Durk’s legal situation remains unresolved for now. His recent acquittal has altered the circumstances of his arrest, but the separate racketeering case still looms over the rapper as both sides prepare for the next phase.
Celebrity
DJ Akademiks Resurrects 2015 Drake vs. Meek Mill Beef With Alleged Nicki Minaj Backstory
DJ Akademiks is digging up hip-hop history buried for 10 years as he offers his supposed explanation for how the Drake/Meek Mill feud came to a head in 2015. The back-and-forth between Akademiks and Meek Mill has resurfaced the conversation. Akademiks returned to the long-running Drake-Meek beef on his stream last night, saying a comment by Nicki Minaj had something to do with what happened between the two rappers.
According to Akademiks, Meek and Minaj were shopping at a designer fashion store when they got to the register. He says that when Meek told her he didn’t have the cash to pay for Minaj, she allegedly told him he would never be Drake. Akademiks also claims Minaj left the store on her own, and then Meek went on X, and what happened next started the infamous feud with Drake.
The account remains an allegation, not a confirmed explanation. The information provided has not been independently verified, and ultimately only those involved, including Minaj and Meek Mill, could confirm the story’s authenticity.
Read more : Chrisean Rock Wins Boxing Match, But Second Round Forfeit Leaves Her Frustrated
The beef between Drake and Meek Mill started in 2015 and has become a staple in hip-hop conversation. Meek struggled after the fallout, while the beef became a defining moment in Drake’s career. However, the two eventually made up and collaborated on “Going Bad,” signaling a return to a more cooperative relationship despite the rivalry’s tension.
Now that Akademiks and Meek are throwing shots again, the events of 2015 are back in the conversation. By reflecting on the feud, Akademiks has added another possible piece of context to a story that has been a hot topic in hip-hop for years.
Whether his version of events is what actually happened, however, remains unresolved. Currently, the designer-store story isn’t factual, but it is Akademiks’ version of the events surrounding the beef.
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