Adidas has received over 500 offers for massive unsold Yeezy merchandise | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Adidas has received hundreds of offers for the mountain of unsold Yeezy shoes designed by Ye, the artist formerly known as Kanye West.

Adidas broke off its lucrative nine-year partnership with Ye in October because of his repeated pattern of antisemitic remarks. The move proved costly for the German sportswear maker, who warned that it could suffer its first annual operating loss in more than three decades this year, mostly because it may have to write off the entire range of Yeezy-branded clothing and sneakers. That represents a potential €500 million hit to the company’s bottom line.

But the people that are saying send shoes to Turkey or somewhere where people don’t have shoes, or there has been a tragedy, I think you would agree, that these are not normal shoes,” Gulden said. He said the shoes would “come back again” in the market because of their premium status as pricey luxury fashion sneakers. “The value of the product is not the physical value of the ingredients. It is the branded merchandise that is sold at a high price,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

are they produced by slave labour? asking for a friend

Goodness me, they're ugly! Did he use some crayons to design them?

adidas Yeezy is a hell of a drug. You should have to donate appropriate shoes to earthquake affected areas since you are so flagrantly creating socially dangerous essentials.

Whatever about the ethics of owning/buying or wearing them, they're as ugly as hell.

really ! is Rapper

Adidas should do the right thing and burn them.

I'll buy a pair for 5 bucks. Where's the Ebay ad?

Recycle them.

250 from Kim. 250 from Ye.

kind of look like something you'd see on Star Trek

adidasCA is going down. adidas

estan bien culeros

Donate them to homeless shelters.

Ugly shoe's sorry to say.

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:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines