Adidas Donates Billions in Unsold Yeezy Products After Ending West Partnership

Adidas will start selling Yeezy products later this month for the first time since ending its relationship with Kanye West in October.
Adidas is sitting on unsold stock of Yeezy shoes worth over $1 billion.
Planned recipients of the proceeds include the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change.
The Yeezy products are worth $1.3 billion and will be sold exclusively through Adidas' website and app.
The move has no immediate impact on Adidas' current financial guidance for 2023.