The company is stuck with $1.3 billion worth of unsold Yeezy shoes after cutting ties in October with the rapper now known as Ye over his antisemitic and other offensive comments on social media ...

The German sportswear brand expects to lose $1.3 billion in sales this year because Yeezy clothes and shoes will not be available, the company said Thursday.

The existing Yeezy products still held by Adidas are said to be worth $1.3 billion—a range of existing designs will be available exclusively through Adidas’ website and app, according to a ...

Adidas has decided what it’s going to do with its unsold Yeezy merchandise. At an investors’ conference Thursday, Adidas CEO Bjørn Gulden said that the apparel company is going to “sell ...

FRANKFURT, Germany (AP) — Adidas is still wrestling with how to dispose of 1.2 billion euros ($1.3 billion) worth of Yeezy shoes after its breakup with the rapper formerly known as Kanye West ...

Adidas still hasn’t figured out what to do with its $1.3 billion stock of unsold Yeezy sneakers after cutting ties with rapper Kanye West over anti-Semitic remarks last year.. CEO Bjorn Gulden ...

The new chief executive of Adidas has $1.3 billion in Yeezy sneakers he doesn’t know what to do with. Stored in warehouses around the world, the sneakers are a reminder of the once-fruitful tie ...

Adidas’s New CEO Has a $1.3 Billion Pile of Unsold Yeezy Gear. New CEO Bjorn Gulden is also conducting a strategic review; Shares slump as company lays out worst-case Yeezy scenario ...

The sportswear company, which cut ties with Kanye West over his antisemitic remarks, will donate proceeds from its $1.3 billion inventory of Yeezy-brand sneakers and other goods.

Boxes containing Yeezy shoes made by Adidas are seen at Laced Up, a sneaker resale store, in Paramus, N.J., Tuesday, Oct. 25, 2022. (AP Photo/Seth Wenig, File) / AP Newsroom) ...

Seven months after Adidas cut ties with Ye, the break-up continues “hurting” the brand, the CEO said as boxes of once-popular Yeezy shoes are still piling up in warehouses.

FRANKFURT, Germany — Adidas saw operating earnings dwindle in the first three months of the year as the German sportswear company's breakup with the rapper formerly known as Kanye West and his ...