Adidas Scrambles to Determine Fate of $1.3 Billion in Unsold Yeezy Inventory

Adidas is struggling with what to do with 1.2 billion euros worth of unsold Yeezy stock after ending its relationship with Kanye West in October 2022.
Adidas is "getting closer and closer to making a decision" on what to do with the sneakers, but no decision has been reached yet.
The breakup with Kanye West will reduce earnings by 500 million euros this year if Adidas decides not to sell the remaining Yeezy stock.
Adidas faces a lawsuit from investors alleging the company knew about Kanye West's offensive remarks and harmful behavior years before the split and failed to take precautionary measures to limit financial losses.
The split from Kanye West cost Adidas €600 million in lost sales in the last three months of 2022, contributing to a net loss of €513 million.