![]() ![]() “What we are trying to do now over time is sell parts of this inventory and donate money to the organizations that are helping us and that were also hurt by Kanye’s statements,” Gulden said, according to Complex.Īdidas’ fourth-quarter losses, which were connected to the loss of Yeezy revenue, amounted to $1.3 billion. We intend to make use of these rights as early as 2023.” Following Thursday’s meeting, it seems that approach was struck down. And at one point, Adidas floated the idea of rebranding Yeezy in order to sell the shoes without West’s involvement because they were legally entitled to at the time, Adidas CFO Harm Ohlmeyer confirmed what the company’s public statement, released in late October, said: “Adidas is the sole owner of all design rights registered to existing product. With several million pairs of unsold Yeezys still in existence, Adidas ultimately ruled out destroying them following the dissolved business deal, particularly given sustainability concerns. The Best Housewarming Gifts, From Oprah's Favorite Olive Oil to Star-Loved Textiles ![]()
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