Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye
Headline from WTOP Washington DC
Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
WTOP Washington DC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
FRANKFURT, Germany >> Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
Adidas is weighing the possibility of a write-off for the outstanding Yeezy inventory the sportswear company still has, according to its latest earnings release.
The company will decide in the coming weeks whether or not to do a third release of the shoes next year to generate more donations to groups fighting antisemitism.
Adidas says it may write off the remaining $320 million worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
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Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye | Since Then
