Pep Guardiola Extends Contract with Manchester City Until 2026
November 21, 2024
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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.
Pep Guardiola Extends Contract with Manchester City Until 2026
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Pep Guardiola Extends Contract with Manchester City Until 2026
Olajumoke Orisaguna Accuses Ex-Husband of Assault, Shares Painful Experience
Governor Seyi Makinde Flags Off Upgrade of Eruwa Farm Settlement to Agribusiness Hub
Defence Headquarters, CSOs Dismiss Tompolo’s Allegations Against Nigerian Navy on Oil Theft
ACF Suspends National Chairman Mamman Mike Osuman Over Unauthorized 2027 Presidency Comment
Wike Commends Tinubu’s Renewed Hope Agenda During FCT Road Project Inspections
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