Chief financial officer Harm Ohlmeyer revealed that the Yeezy stock has run dry during Wednesday's earnings report.
Adidas has announced that they had officially sold the final pair of Yeezy shoes after cutting ties with Kanye West in 2022 ...
Revenue was about 750 million euros in 2023, and 650 million euros in 2024, for a total of 1.3 billion euros, or about $1.4 ...
Adidas sold its last remaining pair of Yeezy sneakers in the fourth quarter, it said on Wednesday, ending the process of liquidating stock of the lucrative shoe line developed with rapper Ye, whom the ...
Adidas confirmed the complete liquidation of Kanye West's Yeezy stock, stating in an earnings call, 'that episode is behind ...
Adidas has been trying to put the Yeezy debacle behind it since public antisemitic rants by Ye, formerly known as Kanye West, forced it to end the profitable partnership.
"There is not one Yeezy shoe left,” said Adidas chief financial officer. “It has all been sold and that episode is behind us" ...
The company has felt the loss of Yeezy particularly in the United States, where the shoes were popular. In its results on Wednesday, Adidas said North America sales fell 2% in 2024 "solely due to ...
The sale of the remaining Yeezy inventory in 2024 contributed around €200m (£166m) to the company's operating profit, down from €300m (£250m) in the previous year. The operating margin was 5.6% in ...
After cutting ties with Kanye West following the rapper’s abhorrent antisemitic comments in October 2022, Adidas has finally offloaded the last of its Yeezy stock. “There is not one Yeezy shoe ...