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The Latest Breaking News from Yeezy

Adidas to donate Yeezy stock to charity instead of burning it

Yeezy and Adidas' partnership was terminated after a number of antisemitic tweets by Kanye West

Manchester Evening News

Adidas finally has a plan for its stockpile of Yeezy shoes

One of the options Adidas considered was to destroy the Ye-designed shoes, but the company ultimately decided against it, the CEO said. Instead it will sell them and donate the proceeds to charity.

WEKU

Adidas to sell $1.3 billion worth of Yeezy shoes, donate proceeds to charities

Adidas cut ties with Ye, the rapper formerly known as Kanye West, in late October, following his antisemitic comments on social media and in interviews.

Chicago Sun-Times

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Adidas plans to sell Yeezy stock from axed Kanye West deal and donate proceeds

Adidas has decided to try to sell some of the Yeezy stock it has in storage after it terminated its partnership with the musician

Evening Standard

Adidas to sell Yeezy shoes and donate proceeds months after Kanye West split

Adidas has decided to try to sell a portion of its remaining Yeezy shoe inventory and donate the proceeds to chartitable organizations, CEO Bjørn Gulden said Thursday

The Independent UK

Adidas to sell some Yeezy merchandise, donate proceeds

Millions of Yeezy brand shoes worth $1.3bn are in storage as their sale was halted when Adidas cut ties with Kanye West.

Al Jazeera

Adidas is reportedly going to begin selling Yeezy sneakers again, and that’s not a good look

This is not a good look for Adidas.

USA Today Sports Media Group

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Adidas plans to donate Yeezy sales proceeds to charity

Kanye West's Yeezy has been a lucrative part of Adidas' business until it cut ties with him last year, leaving it with way more shoes than it can sell.

Fortune

Adidas plans not to destroy unsold Yeezy stock but sell it off for charity

€1.2bn worth of footwear in storage since company cut ties with Kanye West after his antisemitic remarks

The Guardian - UK

Unsold Yeezys collect dust as Adidas lags on a plan to repurpose them

Investors have been asking for Adidas' plan to repurpose unsold Yeezy products for months. On Friday, the company said it would likely settle on a plan in the "mid-term."

WEKU

Adidas breakup with rapper Ye, lost Yeezy sales hit earnings

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

The Independent UK

Kanye West Is Involved With All The Lawsuits As He Sues Ex Business Partner And Shareholders Sue Adidas Over Yeezy Fallout

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

Cinemablend

Adidas shareholders launch class action lawsuit over Kanye West brand Yeezy

Investors claim sportswear giant failed to minimise their exposure to risk after the rapper and designer’s antisemitic comments led to a sharp decline in the share price

The Guardian - AU

Kanye West sports scruffy beard as he avoids ex Kim at daughter's basketball game

Kanye looked different after being spotted out and about in LA rocking a full beard and a completely shaved head

Daily Mirror

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Daily Mirror

Kanye West goes incognito in disguise as he dances to own song at fashion show

Controversial rapper Kanye West dressed in disguise to sit front row at a fashion show in the week, with the star revealing his identity when he danced to his own song

Pedestrian.tv

North West, Acquiring Celeb Cameos Like Infinity Stones, Appeared On Stage With Katy Perry In Vegas

North West was spotted on-stage with the pop star at her Vegas residency.

Daily Mirror

Beyoncé and Adidas 'agree to part ways' after five years of creative partnership

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

Chicago Sun-Times

What will Adidas do with $1.3 billion worth of Yeezy shoes after split with rapper?

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.

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WEKU

Adidas reports a $540M loss as it struggles with unsold Yeezy products

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.

The Independent UK

Adidas earnings take beating on breakup with Ye, China slump

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

Fortune

Demand for Yeezy shoes has rocketed despite Kanye’s anti-Semitic rants

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

USA Today Sports Media Group

No, Kanye West isn’t coming back to Adidas, so please stop paying attention to baseless rumors on the internet

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

The Guardian - US

The billion-dollar question: what will Adidas do with all those Yeezys?

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

WEKU

Adidas is looking to repurpose unsold Yeezy products. Here are some of its options

Retail experts say Yeezys will be particularly difficult to resell given their distinct design and damaged reputation. But not doing so could cost Adidas up to 500 million euros.

Fortune

Kanye West’s antisemitic outbursts could cost Adidas $1.3 billion in useless stock, as shoppers shun the rapper’s creations

A raft of brands have cut ties with the rapper and designer legally called "Ye", and many are still paying the price of working with him.

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