The saga between Kanye West , now known as Ye, and Adidas has concluded with a truce. The German sportswear giant reached an out-of-court settlement with the artist, resulting in both sides dropping all legal actions related to Adidas's termination of their partnership , without any financial transactions. After Ye's controversial remarks , Adidas cut ties with his Yeezy sneaker line in October 2022, condemning "antisemitism and any other sort of hate speech" at the time.
Kanye West splashes $35million on Beverly Hills mansion after failed Malibu project Kanye West and Bianca Censori brush off divorce rumors with bizarre bridal-themed shoot Adidas CEO Bjorn Gulden, speaking to Reuters, confirmed: "There isn't any more open issues, and there is no...
money going either way, and we both move on." Gulden elaborated that after assessing the disputes from both sides, both parties agreed to cease fighting and withdrew all claims. Following the termination of their deal, Adidas was left with approximately $1.
3 billion worth of Yeezy merchandise. The German sports brand continued to sell off this stock over the past two years, a move that Kanye criticized in now-deleted Instagram posts, reports The Mirror. He clarified that he had no involvement in the recent releases and the colorways were not his designs.
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