Shoes designed by rapper formerly known as Kanye West have gone unsold for seven months following his anti-Semitic remarks.
Adidas AG plans to start selling off its inventory of Yeezy shoes to raise money for charity by the end of May, seven months after yanking the shoes, the company XE:ADS said on Friday.
In... Adidas AG plans to start selling off its inventory of Yeezy shoes to raise money for charity by the end of May, seven months after yanking the shoes, the company ADS said on Friday. In October, Adidas terminated its partnership with Ye — the rapper formerly known as Kanye West and the shoes’ designer — over his anti-Semitic remarks.“We believe this is the best solution as it respects the created designs and produced shoes, it works for our people, resolves an inventory problem, and will have a positive impact in our communities,” said Bjørn Gulden, chief executive of Adidas, in a statement.
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