Kanye West’s Yeezy brand’s $75 million claim against Adidas is dismissed. Ye Supposedly Earns Over $25 Million USD.

Kanye West's Yeezy brand's $75 million claim against Adidas is dismissed

Kanye West and the German sportswear manufacturer Adidas worked together to create Adidas-Yeezy. In addition to shoes in limited edition hues, the collaboration also sold shirts, jackets, tracksuit bottoms, socks, slides, lingerie, and slippers. It was founded in April 2015.

Prior to working with Adidas, Kanye West had partnered with Nike, one of the biggest names in the sportswear business, to create the 2009 release of Air Yeezy. After the arrangement was terminated in 2013, Kanye West made the decision to work with Adidas again, and he inked a contract that would extend through 2026.

In May, Adidas CEO Bjrn Gulden disclosed that the business will sell part of the unsold inventory and maybe give it to charitable organizations. After Adidas chose to sever its relationship with American rapper Ye, formerly known as Kanye West, in October 2022, the developments happened a few months later.

Kanye West’s anti-Semitic comments caused a stir on social media, which led Adidas to decide to break up their relationship. In the US, Kanye West is well-known for his scandals and has frequently made offensive comments.

Adidas’ choice will cost both the business and Kanye West money, as the sportswear firm presently has unsold Yeezy sneakers on hand that are worth about $1.3 billion. The company’s loss increased to over $550 million as a result of the severance of ties, which cost it $655 million in sales for the last three months of 2022.

According to Forbes, Kanye West’s net worth suffered significantly as a result of the breakup with Adidas, falling from $2 billion to $400 million.

From the First Day of Adidas Yeezy Restocks, Ye Supposedly Earns Over $25 Million USD.

From the First Day of Adidas Yeezy Restocks, Ye Supposedly Earns Over $25 Million USD.
From the First Day of Adidas Yeezy Restocks, Ye Supposedly Earns Over $25 Million USD.

Despite a very public breakup between Ye and his longtime collaboration with Adidas, demand for the most recent and last YEEZY releases is still at an all-time high.

Adidas started releasing one of three releases yesterday in an effort to sell off the remaining YEEZY stock. The drop has had remarkable success thus far. 682,300 pairs of the YEEZYs were reportedly released and sold for a total of $170.5 million USD. Ye still controls a sizable 15% royalty of the sales of YEEZY items in spite of the dispute with Adidas. That indicates that Ye has earned more than $25,586,250 USD from the first release, or over a quarter of a billion dollars in US dollars. Ye is anticipated to generate significant revenue with only two albums remaining to release. It only proves that YEEZY trainers are still quite popular with customers despite his shenanigans.

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