Adidas will sell $1 billion worth of Yeezy shoes made with Kanye West.
Adidas
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The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
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The move comes after her activewear brand, Ivy Park, severed ties with German sportswear brand, Adidas.
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The $600-million bump cements his position as one of Africa’s richest billionaires.
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Despite recent setbacks, West remains one of the world’s richest Black individuals.
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The latest collaboration between Beyonce, Balmain, and Olivier Rousteing builds on their existing relationship dating back to 2018.
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The decision to end the partnership followed reports that Adidas suffered a loss of $10 million in 2022.
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West is one of the world’s richest Black people.
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Five months after parting ways with Adidas, Kanye West remains one of America’s richest Black people
Before his multi-year deal with Adidas to design the sneaker brand Yeezy was terminated, Kanye West had a net worth of $2 …
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Sawiris’ stakes in Adidas and OCI have fallen in value below $1.9 billion and $2.6 billion.