Overview

• Adidas and Kanye West, now known as Ye, have settled their legal disputes stemming from Adidas' termination of their partnership in 2022 due to West's antisemitic remarks.
• The settlement was reached without any money changing hands, as both parties agreed to withdraw all claims and move on from the conflict.
• Adidas had been left with over €1 billion worth of unsold Yeezy products, which it has been selling off in batches, with some proceeds donated to anti-hate organizations.
• The end of the partnership significantly impacted both parties financially, with Adidas losing a major revenue stream and West's net worth dropping by billions.
• Adidas has since focused on strengthening its brand with other successful collections, boosting sales in key markets like China and North America.