The Latest Breaking News from Yeezy

Adidas saw operating earnings dwindle in the first three months of the year as the German sportswear company’s breakup with the rapper formerly known as Kanye West and his popular Yeezy shoe brand cost it $441 million in lost sales

Along with Kanye West suing his ex-business partner, the rapper is tied to a lawsuit Adidas shareholders are filing against the sportswear company.

Beyoncé and Adidas entered a creative partnership in 2018 when she relaunched her activewear brand Ivy Park, but sources claim the line had not met financial expectations

CEO Bjorn Gulden said selling the popular line of shoes would mean paying royalties to Ye, who was dropped by Adidas five months ago after making antisemitic remarks on social media and in interviews.

In October, Adidas cut ties with Ye, formerly known as Kanye West, over the rapper's antisemitic remarks. The company's inability to sell his popular Yeezy line of shoes helped batter earnings.

Adidas’ breakup with the rapper formerly known as Kanye West and the inability to sell his popular Yeezy line of shoes helped batter earnings at the end of last year

Impossible Kicks CEO said demand for the sneakers had increased by 30%.

Don't believe everything you read on the internet. Wow, I sound like a boomer.

After cutting ties with Kanye West, the company faces a financial and ethical dilemma over the profit-driving sneakers