Adid@s Still in Shock After Kanye West Exposed Them For Spreading Lying About New Yeezys – Adid@s facing accusations of $250 million lawsuits 

Adidas finds itself in turmoil as Kanye West exposes their deceptive practices, accusing them of scamming his fans by selling Yeezy sneakers without his approval and failing to pay him. Kanye’s revelations about unauthorized Adidas Yeezy releases, including ‘fake Yeezys,’ have sparked outrage and calls for a boycott from his loyal fanbase. With Adidas facing accusations of $250 million lawsuits and deceit over ownership rights, the battle intensifies. Kanye, standing firm for his rights and the integrity of the Yeezy brand, has gained support from influential sneaker communities and fans worldwide.

This escalating conflict raises questions about future collaborations and the authenticity of Adidas’ Yeezy inventory. Stay tuned as we delve deeper into the Kanye vs. Adidas saga, where rights, respect, and recognition are at stake.

Kanye West is currently engaged in a public dispute with Adidas, exposing alleged misconduct by the company, including accusations of selling his Yeezy sneakers without proper compensation and suing him for $250 million. The situation escalated when Kanye released internal documents from Adidas, revealing the company’s instructions to its employees regarding Yeezy-related inquiries.

In response, Kanye expressed concerns about Adidas attempting to keep him entangled in a lengthy legal battle through arbitration. He questioned the negotiation terms of their partnership agreement and emphasized the importance of securing royalties for the use of his designs.

The documents shared by Kanye included instructions to Adidas workers, advising them not to engage in conversations about Yeezy and, if necessary, to claim sole ownership of the products with prior discussions with Kanye. This directive seemed to be a response to Kanye’s accusations of Adidas selling fake Yeezys without his approval.

Kanye also called for a boycott of Adidas products, specifically those not approved by him, and shared the support he received from influential sneaker enthusiasts on social media. Yeezy Mafia, a well-known sneaker insider, revealed that certain Yeezy batches dropping in March 2024 were not officially endorsed by Kanye.

Fans have rallied behind Kanye, expressing solidarity and boycotting Adidas products that lack Kanye’s approval. The dispute has expanded beyond business matters, with Kanye touching on personal issues, such as the choice of schools for his children, human rights, and the impact of mental health stigmatization.

As the conflict between Kanye and Adidas continues, the outcome remains uncertain. Supporters are divided into Team Kanye West and Team Adidas, with speculation about whether the two parties will reach a resolution or if the dispute will persist. The unfolding events will likely shape the future dynamics between these influential figures in the fashion and entertainment industries.

@melly__mike

Do you agree with Kanye or nah?🤔 #kanyewest #kanye #vultures #adidas

♬ Spooky, Quiet, Scary Atmosphere Piano – Bucyrus Audio

Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye

Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company will decide in the coming weeks whether or not to do a third release of the shoes next year to generate more donations to groups fighting antisemitism.

The shoe and sports clothing company, which cut ties with Ye in October 2022 after he made antisemitic remarks online, has sold 750 million euros worth of the shoes in two stages earlier this year through Adidas smartphone apps and its website. Part of the profits went to groups like the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change, run by social justice advocate Philonise Floyd, the brother of George Floyd.

The company included the possible write-off of the remaining Yeezy inventory in its outlook Wednesday for its earnings this year, narrowing its expected loss to 100 million euros from an earlier prediction of 450 million euros, thanks in part to the earlier two releases of Yeezy shoes. CEO Bjorn Gulden, who took over after the Yeezy breakup, is leading an effort to recover from the loss of the profitable Yeezy business.

The announcement from Adidas comes at a time of rising antisemitism and islamophobia after the outbreak of the Israel-Hamas war. Gulden referenced the “terrible circumstances” in the Middle East, saying some of the company’s more than 600 employees in Israel had been called up for military service and that “we, as a company, are starting donations programs, for the whole area, also for Gaza.” The company is working with the SOS Kinderdoerfer weltweit children’s relief agency to help those who have been affected by the conflict.

Adidas sells another batch of Yeezy sneakers left over from breakup with Ye

The assumption in the outlook is that remaining Yeezy inventory “will be written off….if that will happen or not is something that we evaluate all the time, so there are no decisions on what we’ll do,” Gulden told reporters on a conference call. “Right now, that is financially the worst case and it is a possibility. Currently there is no decision. ”

He added that “we of course hope we can do more drops next year and we can get more value out of it and donate the proceeds, but right now financially we haven’t made a decision and that’s why the outlook is the way it is.”

He said there were “many scenarios” and that the shoes were stored in a number of different locations. He declined to say what the company would do with the shoes if they remain unsold.

The breakup with Ye left the company, based in Herzogenaurach, Germany, with 1.2 billion euros worth of unsold Yeezys and searching for a responsible way to dispose of them. Giving the shoes away to people in need would have raised concerns about informal resales due to their high market value, the company said, while restitching them to remove the brand identification would have been dishonest.