Report: Adidas Cuts Deal for Leftover Yeezy Stock
The Big a has reached a deal with Kanye West that will allow the company to sell remaining Yeezy inventory in exchange for agreeing not to manufacture new products with the Yeezy designs, according to reports in Hypebeast, Fashion United and other outlets. Adidas said on Feb. 9 that it had about €500 million in leftover Yeezys valued at cost that could fetch as much as €1.2 billion in revenue if sold at full price. Clearly, if Adidas is able to realize some of that value it could go a long ... Log in to view full article.