Adidas and Kanye West Settle Legal Dispute, Final Yeezy Stock to be Sold by End of 2024
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CurrentReport Blog German sportswear giant Adidas has officially ended all legal proceedings with American rapper Kanye West, also known as Yeezy, after reaching an out-of-court settlement. The two parties parted ways in 2022 after Adidas terminated its deal with West due to public pressure following his antisemitic comments, which drew condemnation from the American Jewish Committee (AJC).
Adidas CEO Bjorn Gulden confirmed on Tuesday that the company had settled its dispute with West without any financial exchange. “The drama with West belongs to the past. Negotiations and settlements have been done,” said Gulden, refraining from disclosing further details.
In the wake of the 2022 split, Adidas was left with Yeezy stock valued at approximately €1.2 billion (£840 million). Now, with the legal issues resolved, Adidas announced that it will release the remaining Yeezy inventory, aiming to complete the sales by the end of 2024.
CurrentReport Blog The West African Examinations Council (WAEC) Nigeria has withdrawn the licences of 574 secondary schools across the country for their involvement in examination
CurrentReport Blog Nollywood actress Iyabo Ojo and her ex-husband, Ademidun Ojo, have set social media abuzz after making a surprising joint appearance at their daughter
CurrentReport Blog Popular Nollywood actress, Angela Okorie, has publicly ended her relationship with her boyfriend, known as Oil Money, accusing him of cheating with several
Adidas and Kanye West Settle Legal Dispute, Final Yeezy Stock to be Sold by End of 2024
Share This Post
CurrentReport Blog German sportswear giant Adidas has officially ended all legal proceedings with American rapper Kanye West, also known as Yeezy, after reaching an out-of-court settlement. The two parties parted ways in 2022 after Adidas terminated its deal with West due to public pressure following his antisemitic comments, which drew condemnation from the American Jewish Committee (AJC).
Adidas CEO Bjorn Gulden confirmed on Tuesday that the company had settled its dispute with West without any financial exchange. “The drama with West belongs to the past. Negotiations and settlements have been done,” said Gulden, refraining from disclosing further details.
In the wake of the 2022 split, Adidas was left with Yeezy stock valued at approximately €1.2 billion (£840 million). Now, with the legal issues resolved, Adidas announced that it will release the remaining Yeezy inventory, aiming to complete the sales by the end of 2024.
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WAEC Revokes Licences of 574 Schools Over Exam Malpractices Ahead of 2025 WASSCE
Concerned PDP Youth Urge Atiku Abubakar to Take Advisory Role
Iyabo Ojo and Ex-Husband Ademidun Ojo Reunite in Matching Outfits at Daughter Priscilla’s Traditional Wedding
Angela Okorie Calls Out Ex-Boyfriend Oil Money for Alleged Infidelity with Nollywood Actresses
Enyimba Fans Demand Total Overhaul After Shock Defeat to Abakaliki FC in Federation Cup
CPC Bloc Reaffirms Loyalty to APC, Pledges Support for President Tinubu’s Reforms
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