Adidashas reveals plans to sell their$1.3 billion unsold Yeezy inventoryand donate the proceeds to international organizations. On Thursday (May 11),Adidas CEO Bjørn Guldentold reporters at the company's Annual General Meeting 2023 in Fuerth, Germany, that for the past few months, the company ...
Adidashas reveals plans to sell their$1.3 billion unsold Yeezy inventoryand donate the proceeds to international organizations. On Thursday (May 11),Adidas CEO Bjørn Guldentold reporters at the company's Annual General Meeting 2023 in Fuerth, Germany, that for the past few months, the company ...
Adidas Yeezy unsold shoes report is fantastic, however, Adidas Yeezy orders achievement comes amid an ongoinglegal battlebetween Adidas andrapper Kanye West, also known as Ye, over the alleged mishandling of a $100 million annual marketing fund. The dispute has led to arbitration, raising signif...
the fate of 1.2 billion euros ($1.3 billion) worth of unsold Yeezys remained unknown—until earlier this month, when Adidas CEO Bjørn Gulden announced the company would be selling a portion of the remaining inventory and
She added: "Adidas is still deciding what to do with its remaining Yeezy inventory, despite reaching an agreement with West allowing the brand to sell it. "It faces a difficult choice, as selling the stock could damage its brand perception even further, and not selling it will have...
Adidas says it will begin selling its more than $1 billion worth of unsold Yeezy sneakers later this month. May 20, 2023 Adidas to sell Yeezy shoes and donate proceeds months after Kanye West split Adidas says it will try to sell a portion of its remaining Yeezy shoe inventory and dona...
The end of the Adidas-West tie-up—which had been lucrative for both the company and the rapper—left Adidas with hundreds of millions of dollars in unsold inventory. And, because the Yeezy brand was more of a fashion statement than an athletic shoe, the breakup left a hole in Adidas’ ...
Adidas still hasn't figured out what to do with $1.3 billion worth of high-end Yeezy sneakers after splitting with the rapper formerly known as Kanye West. The shoes have been sitting in warehouses for nearly seven months since the German sportswear comp
Adidas said Friday that it is releasing a second batch of high-endYeezy sneakersafter cutting ties with rapper Ye, formerly known as Kanye West, as the German sportswear brand seeks to unload the unsold shoes while donating to groups fighting antisemitism. ...
At the group level, the company expects currency-neutral revenues to decline at high-single-digit rates due to “uncertainty around the China recovery,” revenue lost from unsold Yeezy inventory, macroeconomic challenges and geopolitical tension. But the soft-spoken Siu remains confident that Adidas ...