After abruptly ending a federal court case aimed at freezing $75 million held by Kanye West’s Yeezy brand, Adidas decided to put Yeezy shoes back on sale on Wednesday. Adidas' decision to cut ties with Kanye West came after the rapper made some anti-Semitism remarks, leading to an uproar over social media platforms. Frequent clashes Even before the official break-up, …
Millions of Yeezy brand shoes worth $1.3bn are in storage as their sale was halted when Adidas cut ties with Kanye West. Adidas will sell some of the merchandise from its defunct Yeezy partnership with rapper Kanye West and donate part of the proceeds to international organisations, CEO Bjoern Gulden has said. “It’s a smart and responsible move,” said Ed …
Adidas said it initiated the probe after receiving an anonymous letter making several allegations against the musician. Adidas has said it has launched an investigation into allegations of inappropriate behaviour by Kanye West after the German sporting goods maker last month ended its partnership with the rapper and fashion designer. Adidas said it initiated the probe after receiving an anonymous …
Adidas AG has confirmed that Bjorn Gulden, the outgoing chief executive officer of rival Puma SE, will succeed Kasper Rorsted at the helm of the sportswear giant. His first task: Fill the €1.8 billion hole left by the end of Adidas’s longstanding tie-up with disgraced musician Kanye West. Last week, Adidas halved its forecast for 2022 net income from continuing …
