Adidas has concluded all legal proceedings with Kanye West, also known as Yeezy, marking the end of a high-profile dispute. The German sportswear giant initially cut ties with the American rapper in 2022, following pressure from the American Jewish Committee over West’s antisemitic comments.
In a recent announcement, Adidas CEO Bjorn Gulden shared, “We have reached an out-of-court settlement with West to end all legal proceedings without money exchange.” He emphasized, “The drama with West belongs to the past. Negotiations and settlements have been done.”
Since the split, Adidas has been holding unsold Yeezy stock valued at approximately €1.2 billion (£840 million). With the legal issues resolved, Adidas now plans to sell the remaining Yeezy inventory by the end of 2024.
