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News Articles: Adidas

A significant portion of the sales from Adidas's "Yeezy" brand shoes will be donated to anti-hate groups, the company said.

Tagged as: 

  • Business

Adidas begins selling off Yeezy brand sneakers, 7 months after cutting ties with Ye

The German firm is selling shoes created with Ye (formerly Kanye West) before his antisemitic remarks led to termination of the deal in October. Some of the proceeds will go to anti-racism nonprofits.

June 01, 2023
|
By:
  • Kristin Wright and
  • Jonathan Franklin
A sign advertises Yeezy shoes made by Adidas at a store in Paramus, N.J., on Oct. 25, 2022. After cutting ties with Ye, formerly known as Kanye West, Adidas now plans to sell its stock of unsold Yeezy shoes and donate the proceeds to charity.

Tagged as: 

  • Business

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.

May 11, 2023
|
By:
  • Jonathan Franklin
Boxes containing Yeezy shoes made by Adidas are seen at Laced Up, a sneaker resale store, in Paramus, N.J., on Oct. 25, 2022. Adidas' breakup with the rapper formerly known as Kanye West and the inability to sell his popular Yeezy line of shoes helped batter the company's earnings at the end of last year.

Tagged as: 

  • Business

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.

March 09, 2023
|
By:
  • The Associated Press
Kanye West holds a Yeezy shoe as he speaks on stage at the "Kanye West and Steven Smith in Conversation with Mark Wilson" at the on Nov. 7, 2019 in New York City.

Tagged as: 

  • Business

Skechers says Ye was escorted out of its offices after an unannounced visit

It is unknown why the Grammy-winning rapper Ye showed up to the Los Angeles office, but it was the latest in a string of controversial episodes after the artist made several antisemitic remarks.

October 27, 2022
|
By:
  • Ayana Archie
Adidas announced on Tuesday it is severing its partnership with Ye in light of the rap superstar's anti-Semitic comments.

Tagged as: 

  • Business

Adidas cuts ties with Ye over antisemitic remarks that caused an uproar

The decision follows a nearly decade-long relationship between the German sneaker giant and the rap superstar, also known as Kanye West.

October 25, 2022
|
By:
  • Bobby Allyn
Ye, then known as Kanye West, holds a Yeezy sneaker while speaking onstage at the Fast Company Innovation Festival in 2019.

Tagged as: 

  • Business

Calls grow to boycott Adidas as the company stays silent on Ye's antisemitism

Adidas placed its relationship with the rapper under review earlier this month. And while he's since doubled down, the company hasn't given an update — and continues to release new Yeezy products.

October 25, 2022
|
By:
  • Rachel Treisman

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