Adidas has officially sold all remaining Yeezy inventory, marking the end of its controversial partnership with Kanye West (Ye). The sportswear giant confirmed there is "not one Yeezy shoe left," according to CFO Harm Ohlmeyer.

The company terminated its partnership with Ye in late 2022 following his antisemitic comments on social media. The collaboration, which began in 2013, was initially valued at $1 billion and represented approximately $1.5 billion of West's net worth according to Forbes.

Despite facing revenue declines in the US throughout 2023 and 2024 due to reduced Yeezy sales, Adidas began liquidating the remaining stock in mid-2023. The company pledged to donate a portion of proceeds to organizations fighting antisemitism, including the Anti-Defamation League.

Adidas maintained a firm stance against hate speech, stating: "Adidas does not tolerate antisemitism and any other sort of hate speech. [West's] recent comments and actions have been unacceptable, hateful, and dangerous, and they violate the company's values of diversity and inclusion, mutual respect, and fairness."

While Ye continues to use the Yeezy brand name independently, including a controversial Super Bowl ad campaign, Adidas has now completely dissolved its connection to the partnership, allowing the company to move forward from this challenging chapter in its history.

Related Articles

Previous Articles