Adidas Says Company Will Sell Yeezy Shoes and Donate Proceeds to Charity Months After Kanye West Split

  • 📰 nbcbayarea
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

After months wrestling over the fate of millions of unsold Yeezy shoes, Adidas has decided to sell a portion of its remaining inventory and donate the proceeds to charitable organizations.

Exact details of this plan — including how many shoes will be sold and the timeline of selling them — remain unknown. Gulden said the company will provide updates as they moves forward.

Adidas reported 400 million euros in lost sales at the start of 2023, the company announced last week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 596. in BUSİNESS

Business Business Latest News, Business Business Headlines