Adidas to sell some Yeezy merchandise, donate proceeds

If the goods are sold, rapper Ye, who was previously known as Kanye West, will be entitled to previously-agreed commissions - 15 percent of turnover, according to media reports [File: Evan Agostini/Invision/AP Photo]

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.

The German sportswear giant has been in a predicament over the Yeezy stock since it cut ties with West over his anti-Semitic comments late last year, with the controversy weighing on its stock and hitting its bottom line.