Adidas decides to sell its Yeezy stock
Adidas has finally decided to sell the rest of its Yeezy stock.
If the company doesn’t sell the shares, it will lose more than $770 million.
Back in February, Kanye West and Adidas reportedly reached an agreement whereby the sportswear brand will continue to sell Yeezys after the brand announced it would lose more than a billion after closing the deal with him. Rumors are circulating online that the deal with Ye is to sell the remaining YEEZY sneakers worth $500 million.
Adidas ended its partnership with Ye last October after a series of anti-Semitic tweets. In an interview with Proud Boys founder Gavin McInnes, Ye urged the Jewish people to forgive Hitler and “let it go.”
“adidas does not condone anti-Semitism or any other form of hate speech. “Yes’ recent comments and actions have been unacceptable, hateful and dangerous and violate the company’s values of diversity and inclusion, mutual respect and fairness,” the company said in a press release at the time.
