Adidas apologizes for 'Oaxaca Slip-On' after cultural backlash
Adidas (ADDYY) apologized after criticism from Mexican officials over its 'Oaxaca Slip-On,' which copied indigenous huarache sandal designs without proper credit. The brand pledged respectful collaboration with the Yalalag community. Designer Willy Chavarria also apologized. The controversy follows Pradas recent Kolhapuri footwear row. ADDYY shares remain down 21.4% YTD.