Adidas ended its partnership with Ye in October 2022 — leaving the company with more than $1 billion million worth of Yeezy shoes in unsold inventory. Last May, Adidas paused the sale of Yeezys ...

Adidas plans to sell its stock of unsold Yeezy shoes and will donate the proceeds from the sales to charity, CEO Bjorn Gulden said Thursday. The German athletic and footwear brand cut ties with Ye ...

Adidas had previously said it expects to lose $1.3 billion in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. It had been under pressure from investors ...

Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company ...

Adidas cut ties with Ye last October because of his antisemitic remarks on social media and ended the production of Yeezy-branded products. At the time, the company called Ye's comments ...

Adidas plans to sell its stock of unsold Yeezy shoes and donate the proceeds to charity, chief executive Bjorn Gulden told shareholders Thursday. The company cut ties with Ye, the rapper and ...

Unsold Yeezy shoes—designed by controversial rapper Kanye West—earned Adidas more than half a billion in sales earlier this year when the shoemaker opted to sell some of its leftover ...

Ryan Smith is a Newsweek Senior Pop Culture and Entertainment Reporter based in London, U.K. His focus is reporting on pop culture and entertainment. He has covered film, TV, music, and Hollywood ...

The company has felt the loss of Yeezy particularly in the United States, where the shoes were popular. In its results on Wednesday, Adidas said North America sales fell 2% in 2024 "solely due to ...

Chief financial officer Harm Ohlmeyer revealed that the Yeezy stock has run dry during Wednesday's earnings report. By Michael Saponara Adidas split from doing business with Ye (formerly Kanye ...

Once incredibly popular in the sneakerhead community, brand-new pairs of Adidas Yeezy QNTM Basketball Shoes are on sale now at Shoebacca for as low as $70. The list price of the sneakers is $250 ...