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Adidas and Kanye West settle legal dispute over antisemitism controversy

theguardian.com — October 30, 2024, 12:02 AM UTC

Adidas and Kanye West, now known as Ye, have settled their legal dispute without any financial exchange. The agreement marks the end of tensions following Adidas's decision to cut ties with West in 2022 over his antisemitic remarks.

Adidas CEO Bjorn Gulden stated that there are no remaining issues between the parties. The company plans to sell its remaining Yeezy stock by the end of 2024, having already donated proceeds from previous sales to anti-discrimination initiatives.

In the third quarter of 2024, Adidas reported a 7% increase in sales, totaling €6.4 billion. The company has also raised its financial outlook for the year, attributing growth to successful shoe collections beyond the Yeezy brand.

Article metrics
Significance3.4
Scale & Impact3.7
Positivity5.1
Credibility8.5
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Timeline:

  1. [3.1]
    Kanye West and Adidas settle legal dispute over Yeezy partnership termination (news.yahoo.com)
    7d 3h
    Source
  2. [3.4]
    Kanye West and Adidas settle legal dispute over partnership termination (marca.com)
    7d 12h
    Source
  3. [2.6]
    Adidas and Kanye West settle all lawsuits without financial exchange (nypost.com)
    7d 13h
    Source
  4. [3.4]
    Adidas settles legal disputes with Kanye West over antisemitism comments (bbc.com)
    7d 14h
    Source
  5. [2.5]
    Kanye West and Adidas settle legal dispute, ending long-standing conflict (hotnewhiphop.com)
    7d 14h
    Source
  6. [2.5]
    Kanye West settles legal dispute with Adidas after partnership ends over antisemitic remarks (pagesix.com)
    7d 14h
    Source
  7. [2.5]
    Kanye West and Adidas reach settlement in legal dispute over partnership termination (dailymail.co.uk)
    7d 14h
    Source
  8. [2.8]
    Kanye West and Adidas settle legal disputes after two years (tmz.com)
    7d 16h
    Source
  9. [3.2]
    Adidas and rapper Ye settle legal disputes without financial exchange (cnbc.com)
    7d 18h
    Source
  10. [3.3]
    Adidas settles with Kanye West, gains €100 million boost to profits (nme.com)
    7d 19h
    Source
  11. [2.8]
    Adidas and Ye settle all claims from Yeezy partnership two years after split (hypebeast.com)
    7d 19h
    Source
  12. [4.1]
    Adidas boosts profit by €100 million after Kanye West settlement (ft.com)
    7d 20h
    Source