Davido: I Don’t Consider Weed a Hard Drug
December 4, 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.
Davido: I Don’t Consider Weed a Hard Drug
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Davido: I Don’t Consider Weed a Hard Drug
Super Falcons Goalkeeper Chiamaka Nnadozie Shortlisted for 2024 CAF Women’s Player of the Year
Federal Government Files Criminal Charges Against Nigerdock Nigeria Ltd and Directors Over Tax Evasion
Nigerian Senate Summons Aviation Minister and NCAA Over Flight Delays and Cancellations
Nigeria Intensifies Efforts Against Cervical Cancer with WHO-Backed Elimination Initiative
Penthouse Collapse at Samsung Building Construction Site in Abuja: Four Injured
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