Yeezy news and archive

Adidas secures win in investor case over Ye partnership fallout

Sportswear giant Adidas has secured a legal victory in a securities case linked to its prior partnership with Ye – formerly Kanye West. The US Court of Appeals in San Francisco affirmed a district court’s dismissal of claims brought by shareholder HRSA-ILA Funds, according to a court filing. The lawsuit alleged that Adidas had misled investors...

Retail

Yeezy faces backlash over offensive product as Shopify shutters online store

It has been a turbulent week for Yeezy founder Ye, formerly known as Kanye West, as controversy continues to swirl around his brand. The fallout began with the sudden departure of Gosha Rubchinskiy, a key collaborator and influential designer, who announced he was leaving Yeezy to revive his eponymous label. But the situation worsened...

People

Yeezy and designer Gosha Rubchinskiy part ways

Fashion brand Yeezy will move forward without Russian designer Gosha Rubchinskiy. The designer announced on Instagram that he is ending his collaboration with the brand. “I am incredibly grateful to Ye (formerly known as Kanye West and the founder of the brand, ed.) and the entire Yeezy team for this memorable experience - it's an experience...

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Business

Adidas posts strong revenue and profit growth in Q4

Fourth quarter revenues at German sportswear brand Adidas increased by 19 percent, while in euro terms, the revenues grew 24 percent to 6 billion euros. Excluding Yeezy sales in both years, currency-neutral revenues increased 18 percent. The company’s gross margin for the quarter increased 5.2 percentage points to 49.8 percent. Operating profit...

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Business

Adidas reaches settlement with Ye

Sportswear giant Adidas has reached an out-of-court settlement with former collaborator and rapper, Kanye West – known professionally as Ye. It brings to an end a long-winded legal battle between the duo, first launched shortly after the end of their past partnership, which came to an abrupt close in 2022. Now, Adidas chief executive, Bjorn...

Fashion

StockX report: ‘Sneaker resale isn’t dead’

Culture resale marketplace StockX has published its latest trend report, ‘The State of Resale’, in which it has unearthed new details and data on the secondary sneaker and streetwear market. The information, which has been collated from global sales data over the seven months of 2024 and compared to the same period last year, exhibits shifting...

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Business

Adidas ups outlook, expects operating profit to reach one billion euros

Adidas announced that the company’s second quarter currency-neutral revenues increased 11 percent and in euro terms, the revenues grew 9 percent to 5.8 billion euros. Excluding Yeezy sales in both years, currency-neutral revenues increased 16 percent during the quarter. Following the better-than-expected performance during the quarter and...

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Business

Kanye West reveals Super Bowl ad brought in nearly 20 million dollars

Controversial rapper and entrepreneur Kanye West has once again made headlines after revealing an unconventional ad during the Super Bowl to promote his merchandise. In the commercial, West is seen filming himself on an iPhone in the back of a vehicle, while calling on viewers to visit his e-commerce store, Yeezy.com, where he said he has “got...

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Business

Adidas reveals plans to sell remaining Yeezy sneakers

Adidas intends to sell the remaining stock of Yeezy sneakers from its discontinued collaboration with Kanye West, at a minimum of the production cost. The company along with other major brands, severed ties with the musician and fashion designer, also known as Ye, in 2022 following his series of antisemitic remarks on social media. Although the...

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People

Russian designer Gosha Rubchinskiy named Yeezy head of design

Gosha Rubchinskiy, a Russian designer and former Adidas collaborator, has been named the new head of design for Kanye West’s fashion brand Yeezy. To make the announcement, West made a rare reappearance on X – formerly Twitter – revealing that Rubchinskiy was to take up the new role immediately. The statement continued: “The arrival of this...

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Business

Adidas raises 2023 outlook

Performance at Adidas was again positively impacted by the sale of parts of its remaining Yeezy inventory, and the underlying business also developed better than expected. Consequently, the company has updated its full year guidance. Adidas now expects currency neutral revenues to decline at a low-single-digit rate in 2023 compared to earlier...

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Business

Adidas CEO defends former collaborator Kanye West

A remarkable statement has been made by Adidas CEO Bjorn Gulden, who indicated in the podcast 'In Good Company' that he did not think entrepreneur, designer and artist Ye (formerly known as Kanye West) meant the anti-Semitic statements he made. Among other things, these statements by Ye caused Adidas' collaboration with the artist for the Yeezy...