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 Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has refuted claims that 1,000 staff members were forced to leave the
CurrentReport Blog A New York judge has denied President-elect Donald Trump’s request to vacate his conviction in the Manhattan District Attorney’s hush money case. The
CurrentReport Blog Borno State Governor, Babagana Umara Zulum, has intensified efforts to rebuild Bama Local Government Area with the launch of a major water project
CurrentReport Blog Former Nigerian President Olusegun Obasanjo has criticized the Nigerian National Petroleum Company Limited (NNPCL) for what he described as a disrespectful invitation to
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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Old Post
CBN Governor Olayemi Cardoso Clarifies Voluntary Nature of 1,000 Staff Exits Amid House Investigation
Judge Rejects Trump’s Bid to Dismiss Hush Money Case Conviction, Sentencing Set for January 10
Governor Zulum Launches Major Water Project, Rebuilding Efforts in Bama, Borno State
Obasanjo Rejects NNPCL’s Invite to Tour Revamped Refineries, Calls It Disrespectful
Mark Lawrenson’s Premier League Predictions for the Weekend: Arsenal, Liverpool, and Chelsea in Action
Governor Siminalayi Fubara Signs Rivers State N1.1 Trillion 2025 Budget into Law
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