Lovers of rap and high-end sporting fashion already understand what this post may be about. Well, just because I am not selfish as people could assume, let us dig up more information for us all to be on the same page with a common grasp of the post.
Iconic award-winning music producer and rapper, Kanye West, who has been known for his spread in the high-end sporting fashion brand, Adidas has suddenly had a fallout of their contract with the Yeezy sneakers. This action has had Kanye West, the former husband to Kim Kardashian, drop from his space as a billionaire to some few royalties and earnings not associated with the Adidas clothing gear brand.
In this post, I will be sharing with you some interesting information on Adidas, likewise on the Yeezy brand, and of course on Kanye West himself. But before we get into that, if you need to enjoy SEO web content, digital marketing, and web development, your best bet should be The Watchtower Dubai. They provide solutions with the best of highly skilled teams.
Why did Adidas and Yeezy experience a fallout?
Yeezy, who had filed a name change to Ye, was alleged to have been brute with his words after steering up a series of offensive and antisemitic comments which didn’t go down with the clothing brand, Adidas.
From information gathered, the German clothing company Adidas was said to have made offensive comments repeatedly as far back as 2018. According to reports, a group of workers listed the dangers they encountered when engaging with Kanye West. Several mitigation tactics, including severing relations with the Yeezy designer, were presented in the presentation.
Was Yeezy not making money for Adidas during their contract?
Yeezy made money for Adidas during their contract; as a matter of fact, it is estimated that Yeezy brands generate over $2 billion for the clothing brand annually. So the issue was never about making money for the clothing brand. While we are at that, it was noted that this was not the first time the organization has experienced a rift with Yeezy, aside from the 2018 fears.
It was gathered that in September, a report said Kanye West accused Adidas executives of stealing his designs and showed them a clip from an adult video. While these were possible reasons to consider his misconduct over these years, this was the last strike for the board of directors.
When did Adidas and Ye end their contract?
The high-fashion sporting goods brand officially terminated its partnership with Ye in October after the musician made several offensive and antisemitic comments.
According to reports, “Adidas does not tolerate antisemitism or any other sort of hate speech,” the company said in a statement. “Ye’s recent comments and actions have been unacceptable, hateful, and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect, and fairness.”
What comes next after Adidas and Yeezy’s fallout?
Well, it may not be clear what the future looks like, Adidas has mentioned having commenced investigations into the allegations passed against Ye.
Ye’s alleged behavior was not new, and some of them had raised concerns about Ye to leaders and human resources at Adidas as far back as 2018. From the statement gathered from the staff of the clothing brand, “It is currently not clear whether the accusations made in an anonymous letter are true; however, we take these allegations very seriously and have taken the decision to launch an independent investigation of the matter immediately to address the allegations.”
Meanwhile, Yeezy products under the brand name might be renamed, and Yeezy may not get any royalties to this effect.