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Yeezy shoes made by Adidas at Laced Up, a sneaker resale store in Paramus, N.J., on Oct. 25. Seth Wenig / AP file. Cutting ties with Ye cost Adidas hundreds of millions of dollars — contributing.
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Adidas stopped selling Yeezy sneakers in October after terminating its highly profitable agreement with fashion designer and rapper West — now known as Ye — after he made antisemitic remarks.
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adidas CEO Bjørn Gulden said: "After careful consideration, we have decided to begin releasing some of the remaining adidas YEEZY products. Selling and donating was the preferred option among all organizations and stakeholders we spoke to. We believe this is the best solution as it respects the created designs and produced shoes, it works.
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Today adidas Yeezy's influence is felt across the style spectrum, from streetwear to luxury. 206 Items Yeezy Slides 'Granite' $100 Yeezy Boost 350 V2 'MX Dark Salt' 2023 $237 Yeezy Boost 700 'Wave Runner' 2023 2023 $418 Yeezy Foam Runner 'Stone Taupe' 2023 $135 Yeezy Boost 350 V2 'Hyperspace' 2023 2023 $209 $230 Yeezy 950 Boot 'Pirate' 2023 2023
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Losing the highly profitable Yeezy line hit sales in the quarter by around 400 million euros ($441 million), Adidas said during its earnings last week. Currently, the company is embroiled in a.
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What Adidas should do with all its unsold Yeezys is a €1.2bn ($1.3bn, £1bn) question that no one seems to have a very good answer for. The brand is in danger after it cut ties with Kanye West.
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Ending the Ye partnership also cost Adidas 600 million euros ($887.7 million Cdn) in lost sales in the last three months of 2022, helping drive the company to a net loss of 513 million euros ($758.
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