Stay updated with breaking news from Harm Ohlmeyer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Adidas has billions worth of Yeezy shoes and merchandise sitting in storage. Now it is planning to sell some of it off, and Kanye West is set to cash in.
Adidas has billions worth of Yeezy shoes and merchandise sitting in storage. Now it is planning to sell some of it off, and Kanye West is set to cash in.
Adidas faces a class-action lawsuit due to the ended partnership with Kanye West that has resulted in a huge loss of revenue for the company and shareholders.
Along with Kanye West suing his ex-business partner, the rapper is tied to a lawsuit Adidas shareholders are filing against the sportswear company.
The lawsuit claims Adidas was aware for some time of the potential harm that Ye’s problematic behavior could cause the company.