adidas reported a net loss of $540 million in the fourth quarter of 2022, following the termination of its partnership with Kanye West.Continue reading
Kanye West’s clothing brand Yeezy owes California $600,000, according to state tax liens
Yeezy Apparel, a company managed and reportedly owned by Kanye West, owes over $600,000 in unpaid tax debt.Continue reading
adidas Confirms It Will Use YEEZY Designs Despite Ending Partnership With Ye
During adidas third-quarter earnings call the popular sportswear giant confirmed that it has every intention of selling YEEZY-designed products, without the YEEZY branding.Continue reading
Adidas Officially Cut Ties With Kanye West and Foot Locker removes product from its stores
Adidas has officially ended its professional relationship with Kanye West.Continue reading
Balenciaga Has Officially Parted Ways With Kanye West
Accroding to WWD, it has been confirmed that Balenciaga has cut ties with Ye. In a statement made the parent company Kering said that “Balenciaga has no longer any relationship nor any plans for future projects related to this artist.”Continue reading
Kanye West to acquire free speech platform Parler
Kanye West is acquiring Parler, an alternative social media platform which prides itself as a “free speech platform”.Continue reading
JPMorgan Chase Ends Banking Relationship With Kanye West’s Yeezy, LLC
JPMorgan Chase will officially end its banking relationship with Kanye West’s Yeezy, LLC, following weeks of controversial news headlines and negative backlash.Continue reading
adidas Places the Yeezy Partnership “Under Review”
adidas has announced that they’re placing Kanye West’s YEEZY line “under review.” The company says that “all [its] successful partnerships are rooted in mutual respect and shared values” and that “after repeated efforts to privately resolve the situation, we have taken the decision to place the partnership under review.” The full statement can be seen below.
“adidas has always been about creativity, innovation and supporting athletes and artists to achieve their vision. The adidas Yeezy partnership is one of the most successful collaborations in our industry’s history. We are proud of our team that has worked tirelessly throughout our collaboration with Ye and the iconic products that were born from it. We also recognize that all successful partnerships are rooted in mutual respect and shared values. After repeated efforts to privately resolve the situation, we have taken the decision to place the partnership under review. We will continue to co-manage the current product during this period.”
Ye revealed his displeasure with adidas back in June, accusing the company of stealing his designs and “not getting his approval” for YEEZY Day. In September, Ye said that adidas had offered him a $1 billion buyout, and mentioned in an interview with Bloomberg that he’d be leaving adidas when his contract with the company expires in 2026.
Sales from the YEEZY licensing deal reached $1.7 billion in 2021, which was 7 percent of adidas’ annual revenue. YEEZY footwear will continue to release as scheduled until further notice.
Kanye West Sends Gap Notice Terminating Their Partnership and Explains His Decision
Kanye West Says He Plans To Leave Adidas and Gap
In an interview with Bloomberg, Ye confirmed that he plans to branch out from having corporate partners for his Yeezy brand after his current deals with adidas and GAP end in 2026 and 2030.Continue reading