Adidas is stuck with Yeezy sneakers worth more than $500 million after parting ways with Kanye West, report says

Dec 23 2022 by Business Insider

 
Adidas ended its partnership with Yeezy in October.

Adidas

Adidas is stuck with Yeezy stock worth about $530 million, the Financial Times reported. It is now trying to sell the items under its own brand name to reduce potential losses. Yeezy accounted for around 7% of Adidas sales this year, per the FT.

Adidas is stuck with Yeezy sneakers worth more €500 million ($530 million) after it cut ties with Kanye West, the Financial Times reported. 

The German sportswear giant is now trying to sell...

Continue Reading Adidas is stuck with Yeezy sneakers worth more than $500 million after parting ways with Kanye West, report says