Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Adidas Stuck With Yeezy Sneakers Worth Over $530 Million

by Caché Roberts
December 27, 2022
Reading Time: 1 min read
0
Adidas To Sell And Donate The Remainder of Its Yeezy Merchandise

Adidas Stuck With Yeezy Sneakers Worth Over $530 Million

Share on FacebookShare on Twitter

After cutting ties with Kanye West, also known as Ye, Adidas is scrambling to figure out what to do with the Yeezy products they have left.

The sportswear brand is unsure what to do with the products worth nearly half a billion, according to the Financial Times. The exact value is around $530 million.

In October, the company announced it was parting ways with the Yeezy founder after Ye had a series of public outbursts and, most importantly, went on Twitter antisemitic rants.

Adidas released a statement: “As publicly communicated on October 25, we had terminated the partnership with Ye immediately, ended production of Yeezy branded products, and stopped all payments to Ye and his companies,” Adidas finance chief Harm Ohlmeyer said that month.

USA Today reports that at the end of 2022, Yeezy made an estimated $1.8 billion in revenue for Adidas, which is 7% of its total.

As of now, third-party seller platforms like GOAT and StockX still sell Yeezy products.

Adidas is trying to figure out if they are stuck with the Yeezy products or if they can possibly sell them. However, having no contract or relationship with the founder will make it difficult.

The brand has set off a wave of sportswear companies cutting ties with high-profile people. Nike ended its contract with Kyrie Irving after the NBA player promoted an antisemitic film on Amazon.

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Related Posts

Diddy’s Ex-Assistant Testifies “Kings Night” Freak-Offs Often Lasted 24 Hours
Entertainment

Diddy Files Fresh Bail Motion Claiming He’s the Only Man in America Locked Up for Hiring Male Escorts

July 29, 2025

Sean “Diddy” Combs’s legal team filed a new motion for bail, insisting it’s absurd he’s the only man behind bars...

Shooter’s Suicide Note Blames NFL, CTE for Midtown Manhattan Massacre
News

Shooter Left Suicide Note Blaming NFL and CTE for Midtown Massacre

July 29, 2025

More chilling details have emerged following Monday’s tragic shooting at 345 Park Avenue, and the story just took a turn...

Elon Musk Drops Bomb on Trump: “He’s in the Epstein Files!”
News

Elon Musk Co-Signs Viral Meme Predicting Ghislaine Maxwell’s Alleged Trump Pardon Scenario

July 28, 2025

Elon Musk is stirring the pot again on X — this time by reacting to a viral meme involving Ghislaine...

mobile funeral service
News

New Trend Lets You Say Goodbye To Your Loved Ones Without Ever Leaving the Block [Video]

July 28, 2025

When you think of a funeral, you probably picture pews, flowers, and a somber service inside a quiet chapel. But...

Next Post
Nick Cannon Announces New Game Show Where Women Will Compete To Be His Next Baby Mama [Video]

Nick Cannon Was Santa Claus As He Visited His 11 Children "All Night"

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d