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 hosted an earnings report on Wednesday (March 5) when chief financial officer Harm Ohlmeyer revealed that the Yeezy stock has run dry. “There is not one Yeezy shoe left,” he said ...

Adidas ADSGn.DE sold its last pair of Yeezy sneakers at the end of 2024, the sportswear brand said on Wednesday, ending the process of liquidating stock of the lucrative shoe partnership with ...

LONDON — Adidas said Wednesday that it’s donated or is planning to give away more than $150 million to groups fighting antisemitism and other forms of hate from the sales of Yeezy shoes last ...

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 ...

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Adidas' split from rapper Ye, formerly known as Kanye West, could cost the company some big bucks. The German sportswear company said Thursday that it could lose about $1.3 billion in ...

“There is not one Yeezy shoe left, it has all been sold and that episode is behind us,” Harm Ohlmeyer, Adidas’ chief financial officer, said during a press conference. Losing Yeezy has hurt ...

“There is not one Yeezy shoe left,” said Adidas chief financial officer Harm Ohlmeyer, following the company’s earnings report on Wednesday. “It has all been sold and that episode is ...