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Adidas left with Yeezy stock worth more than $500m

Retail brand Adidas is reportedly stuck with Yeezy sneakers worth more than $530m after cutting ties with musician Kanye West.

29 Dec 2022

Source:

Source: www.unsplash.com

In a report by the The Financial Times the brand is now trying to sell the sneakers to minimise losses.

Ye and Adidas break up: Why brand marriages sometimes go bad

Pankhuri Malhotra 10 Nov 2022

The report stated that Yeezy made up 7% of the German brand’s sales in 2022.

Adidas dropped West after he made anti-Semitic remarks in October.

In November Adidas announced that it would be investigating West after reports were made that he had acted inappropriately with staff members.

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South Africans to pay more at the pump in March

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