According to recent reports, adidas and Ye have reached a new agreement following the official termination of its partnership with YEEZY.
Rumors circulating the Interweb and social media are noting that the German sportswear brand has carved out a new deal with Ye to sell $500 million USD worth of its remaining YEEZY sneakers.
Back in October, Ye received heavy backlash after a series of anti-semitic comments, leading to Balenciaga parting ways with the controversial artist, the CAA talent agency dropping him, and G.O.O.D. Music no longer being signed to Def Jam. adidas also had to deal with its partnership as retailers started pulling YEEZY products, ultimately terminating its partnership with Ye that bolstered its business.
Simply put, Adidas will empty out all previous Yeezy inventory, and the agreement will end after all stocks have been bought.
It is rumored that adidas will pay Kanye a lot of copyright fees, as this is the best and only solution. It seems that the two parties have yet to come to an agreement
The new deal is now believed to see the sale of select non-branded YEEZY sneakers with no new designs to be produced.
Regardless if youre an adidas or a Ye fan，the GetNice app is sure to have these styles! Stay tuned for more details as this story develops.