The class-action lawsuit says the company deceived investors by failing to warn them about the rapper's "problematic behavior" before ending its Yeezy deal.
Shopping for new sneakers? Adidas, Nike, Puma, Hoka, New Balance & other brands are currently on sale for Labor Day.
Jimin, Luke Combs, Løren, Rosalía & Rauw Alejandro all released new albums. Baby Tate & Saweetie gave us the collab we didn’t know we needed. Beyoncé & Adidas end their Ivy Park partnership due to creative differences. Latto builds her dream girl group. Selena Gomez urges fans to st
The split was reportedly due to creative differences between Ivy Park & Adidas, with Beyoncé excited to "reclaim her brand, chart her own path and maintain creative freedom."
An anonymous letter accused the company of knowing about Ye's problematic behavior and failing to protect employees.
Ye's Yeezys accounted for up to 15% of Adidas’ net income, according to analysts.
The change will go into effect at the start of 2023.
In June, West called out Adidas CEO Kasper Rørsted for “blatant copying" of his Yeezy slides.
