Adidas is still trying to figure out what to do with unsold Yeezy shoes after cutting ties with Kanye West.
New bombshell allegations give a new look at why Adidas severed ties with Kanye West.
Adidas said it made the right decision to cut ties with Kanye West after the company’s CEO defended Ye on a podcast.
Adidas CEO Bjørn Gulden expressed sorrow over the Kanye West split and the downfall of “one of the most successful collabs in history.”
The philanthropist will be one of five organizations to benefit from the sale.
Sneaker brand gets rid of Yeezy stock but will not make a profit.
Yeezy sneakers and slides were back on sale Wednesday for the first time since Adidas cut ties with Kanye West back in October.
Adidas lost a bid to re-freeze $75 million of Kanye West’s Yeezy funds but is expected to seek another hold later this week.
Kanye West and Adidas are currently in legal action fighting over whether the $75 million asset freeze should remain in place.
Kanye West is entitled to 15 percent of the sales of all Yeezy products, which Adidas will start selling again at the end of May.
The company is desperately trying to figure out what to do with all of the Yeezys they have in stock.
Adidas is facing more fallout from their relationship with Ye, formerly known as Kanye West after the rapper went “death con 3 on Jewish people” and was booted from the footwear giant – costing the company billions!
Adidas reported further losses stemming from the termination of their partnership with Kanye West, as Yeezy sneakers remain unsold.
Fans are mocking the company for their 2022 decision.
Could Kanye West and Adidas be getting back together?
Adidas cut ties with Kanye West due to his antisemitic remarks in 2022, ending a nine-year partnership.
Kanye West claimed he’s thankful he lost several business deals, including his Adidas partnership, due to his antisemitic comments.
Adidas plans to rebrand Yeezy products after ending its partnership with Kanye West over his antisemitic rhetoric.
Stormzy is continuing his mission against racial inequality, taking the fight to the soccer field with the launch of Merky FC.
Kanye West ended his Instagram suspension with a post addressing Adidas and Gap and ownership of the Yeezy name.