Two months after terminating its sneaker partnership with Ye, formerly known as Kanye West, German sportswear company Adidas has been holding the bag of more than a half billion dollars worth of Yeezys, a new report from the Financial Times revealed.
Current and former executives confirmed unsold Yeezy shoes in Adidas warehouses are worth $530 million in potential revenue. They said Adidas is trying to find ways to sell the shoes under its own brand to avoid a massive impairment charge.
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