The Kanye Family Feud Over Sneakers?

Kanye West and Kim Kardashian West appeared on a new episode of “Celebrity Family Feud”, featuring the Wests. The special edition of the quick-wit show saw Team West being pitted against Team Kardashian/Jenner. In a clip that aired in the episode, Kanye West swapped out his usual Yeezys for diamond studded flip flops, complete with full black tabi socks. This bedazzled footwear choice is a first for the rapper.

Kanye West looked the happiest we’ve ever seen while going head-to-head with the Kardashians on “Celebrity Family Feud”. The Kardashian family was announced as the stars of the US TV game show, Family Feud, in February. New episodes airing Sundays at 8/7c on ABC. Adidas broke with Kanye West after he made antisemitic and other offensive public statements seven years ago.

Kanye West and his family are set to appear on an upcoming episode of Celebrity Family Feud. Adidas said Tuesday it had reached an amicable agreement with US rapper Kanye West to end all legal proceedings between them, without any money being exchanged. Kanye West mistakenly thought Beyoncé was wearing Yeezys and appears to end their feud. The 37-year-old singer has worn a pair of see-through sneakers in 17 hours.

In summary, Kanye West and Kim Kardashian West appeared on a new episode of “Celebrity Family Feud”, where they faced off against members of her famous family. The episode showcases Kanye’s new footwear choices, including diamond studded flip flops and full black tabi socks, as part of a bloodline battle between the Kardashians and the Wests.

Did Adidas Have To Pay Kanye?

Adidas has reached an amicable out-of-court settlement with rapper Kanye West, now known as Ye, to end all legal proceedings between them, with no financial exchange involved. This agreement resolves all claims related to the termination of their partnership, which occurred nearly two years ago amidst West's controversial remarks. Adidas CEO Bjørn Gulden announced that both parties have agreed to withdraw all outstanding claims, signaling an end to their two-year-long legal disputes.

The situation began when Adidas cut ties with Ye following his antisemitic comments, leading to multiple lawsuits. Although the legal battles have concluded, reports indicate that Adidas may still owe West substantial royalties through 2023 from their Yeezy collaboration, which had significantly impacted both parties financially. The settlement marks a significant resolution for Adidas, which anticipates making profits of €700 million in 2024 as it moves forward from this tumultuous relationship with West. The decision reflects a strategic shift for the brand emerging from a challenging association.

Why Did Yeezys Get Cancelled?

Adidas has officially terminated its partnership with Kanye West, now known as Ye, due to his antisemitic comments made in 2022. This decision marked the end of the "Yeezy" collaboration, which had significant ramifications for the sportswear brand. In response to the controversy, Adidas halted the production of Yeezy products and began selling existing stock at wholesale prices, anticipating a revenue loss of up to $1. 3 billion. The company faced significant pressure to act, both from investors and public sentiment, leading to the immediate cessation of all Yeezy business activities.

In a statement, Adidas emphasized its intolerance for hate speech and offensive behavior, asserting that the collaboration had become detrimental to its business, particularly impacting sales in North America. As a result of the partnership's dissolution, Adidas has also decided to remove all Yeezy merchandise from stores and will not produce any future Yeezy products. The athletic giant is now also considering how to manage remaining Yeezy stock in a way that mitigates financial losses. Overall, the fallout from Ye's comments has contributed to a challenging period for Adidas, marked by a rare annual financial loss.

Do Yeezys Still Exist?

Adidas has announced it will begin selling remaining inventory of YEEZY products, with an initial release set for the end of May 2023. The collection will feature existing designs available exclusively through adidas. com/yeezy and the adidas CONFIRMED app. Following the termination of its partnership with Kanye West on October 25, 2022, over antisemitic remarks, Adidas ceased production of all Yeezy-branded products but retained design rights for previously launched items.

Despite the partnership's end, demand for Yeezy sneakers has surged, prompting Adidas to plan further inventory releases throughout 2024. The YEEZY inventory, valued at approximately $1. 3 billion, includes popular models like the YEEZY BOOST 350 V2 and YEEZY 500. After briefly suspending Yeezy sales amid geopolitical tensions, Adidas reaffirmed its intention to sell off the remaining stock, pricing items at least at production costs. While Yeezys are no longer available in-store, the company aims to introduce online availability through its website and select fashion retailers.

Future releases are expected following the initial drop, with upcoming launches already selling out quickly in the resale market. The decision reflects the enduring popularity of the Yeezy brand, even as its collaborative era with West comes to an end.

What Happened To Yeezys?

Adidas officially ended its partnership with Ye (formerly Kanye West) in October 2022, citing antisemitic remarks made by the rapper, including wearing a "White Lives Matter" T-shirt, which the Anti-Defamation League deems a hate slogan. The termination directly impacted Adidas, costing approximately €250 million in 2022. As a result of this split, Adidas halted all Yeezy production, ceased payments to Ye's company, and faced challenges with over $1.

3 billion in unsold Yeezy inventory. Despite the fallout, Adidas began releasing remaining stocks of Yeezy sneakers in 2024 to clear inventory, selling items at least at production cost. The company has recognized that the breakup negatively affected its business, particularly in North America. Following the collaboration's dissolution, Yeezy trades surged, demonstrating continued consumer interest.

Additionally, Adidas reached an out-of-court settlement with Ye, resolving all legal disputes without monetary exchange, while retaining the rights to Yeezy designs. This move highlights the complex aftermath of the high-profile partnership’s termination and the ongoing efforts of Adidas to manage its Yeezy inventory.

Why Did Adidas Stop Yeezy?

In October 2022, Adidas terminated its partnership with Ye, previously known as Kanye West, following his series of antisemitic remarks. The decision was effective immediately, with Adidas stating it "does not tolerate antisemitism and any other sort of hate speech." The company faced significant pressure to sever ties with the rapper, as his comments prompted widespread backlash and impacted sales, particularly in North America. Following the termination, Adidas began selling off remaining Yeezy merchandise, with plans to price the sneakers at least at their production cost.

While the breakup was framed as a necessary action against hate speech, reports suggested that Adidas had tolerated West's behavior for nearly a decade prior to the split. As a result of the fallout, both Adidas and Ye experienced substantial financial impacts, with Adidas projecting its first annual loss in over three decades. Despite cutting off funding for Yeezy apparel, West had been independently financing the production. Adidas emphasized its commitment to combating antisemitism, stating it would donate a significant portion of the proceeds from remaining stock to organizations that support this cause.

Why Did Adidas Drop Yeezy?

In October 2022, Adidas ended its partnership with Ye, previously known as Kanye West, in response to his antisemitic and offensive remarks. This decision severely impacted Adidas's earnings, leading to challenges in selling approximately 1. 2 billion euros worth of unsold Yeezy footwear. The company announced plans to responsibly release the remaining Yeezy inventory throughout the year. The loss of the Yeezy brand had detrimental effects, especially in North American markets, as the collaboration had been significantly lucrative.

Adidas had ceased funding Yeezy apparel, compelling Kanye to support it financially through his own small businesses. Following the termination, Adidas acknowledged the financial strain resulting from the split, projecting a revenue loss of approximately $1. 3 billion. Despite the breakup, Adidas saw a degree of success with the initial sale of Yeezy trainers after terminating its collaboration, generating around €400m. Additionally, both Gap and Foot Locker echoed Adidas's decision to sell leftover Yeezy stock at production costs.

Amidst a legal dispute over an alleged $75 million fund freeze related to the Yeezy brand, Adidas indicated that while Ye's controversial actions led to their split, the company had previously overlooked many of his misdeeds for the sake of the partnership.

What Did Adidas Do With Yeezy Shoes?

Following the split with Kanye West, Adidas faced the challenge of a massive inventory of Yeezy shoes, initially considering burning them. Ultimately, they decided to sell the remaining stock and promised to donate the proceeds to charity. Yeezy, a collaboration between West and Adidas, included limited edition sneakers and various apparel. The partnership ended in October 2022 amid controversy surrounding West's antisemitic remarks. As of early 2024, Adidas confirmed plans to start selling the remaining Yeezy inventory from 2022, featuring popular designs.

The company is still evaluating options for repurposing the unsold items while clarifying that no new Yeezy sneakers will be launched. This termination of the relationship has had a significant financial impact on Adidas, which relied on Yeezy for approximately 10% of its revenue, generating about $2 billion annually. Adidas noted it may write off around €300 million (approximately $320 million) worth of unsold shoes.

In March, Adidas indicated uncertainty about how to best handle the leftover products, leading to a settlement with West regarding legal matters. As the company works to navigate its transition year, they plan to release Yeezy stock for sale while ensuring that part of the profits aid charity efforts.

What Shoe Company Was Kanye With?

Adidas Yeezy (or simply Yeezy) was a collaborative fashion line launched in February 2015 between American rapper and designer Kanye West (now known as Ye) and the German sportswear brand Adidas. The collaboration produced limited edition sneakers, along with various apparel, including shirts, track pants, and slides. The inaugural shoe model, the Boost 750, premiered on February 20, 2015. However, in October 2022, Adidas severed ties with Ye due to his antisemitic comments, labeling them "unacceptable, hateful and dangerous." The breakup resulted in hundreds of shoe styles and significant financial losses for the brand, as it estimated over €300 million ($320 million) in unsold Yeezy inventory.

Despite the fallout, Yeezy's design impact endured, with models that incorporated innovative technology, such as Boost, that became widely popular. The Yeezy brand, continually evolving, signifies Ye's influence in both fashion and sneaker culture, akin to Michael Jordan's legacy within Nike.