Kanye West partnership with Adidas, JP Morgan and Balenciaga.

Ye, formally known as Kanye West might be shaking up the fashion industry as we know it. His influence can be felt all around the world as Adidas shoe supplier is slashing 6,000 jobs in Vietnam alone. Sources say the supplier is cutting 3,000 jobs and another 3,000 by the end of this year. This is due to the number of orders plunging and lack of demand.

S&P Global Ratings lowered its long- and short-term debt ratings on Adidas AG on Tuesday, citing deteriorating credit metrics in the wave of the termination of its partnership with Kanye West on the Yeezy product line. They also said the outlook is negative, meaning it may downgrade Adidas’s credit again in the medium term.

JP Morgan Chase who cut ties with Ye after he publicly criticized them are in hot water after it was revealed that it’s former top executive was allegedly involved in Epstein’s child sex trafficking events. It is alleged that the top executive sent over 1000 sexually explicit emails to the late disgraced financier Jeffrey Epstein.

Did Adidas, JP Morgan chase and Balenciaga not look in the mirror when they were cutting ties with Ye? What else are these big companies hiding behind closed doors and is this the end of the road for them? Only time will tell.