'Let me be clear, we own all the IP, we own all the designs, we own all the versions and new colorways,' CFO Harm Ohlmeyer told reporters. 'It's our product. We do not own the Yeezy name.'
The German shoe and sportswear company ended its partnership with the rapper formerly known as Kanye West over his antisemitic comments in interviews and social mediaAdidas said Wednesday it plans to sell existing inventory of products designed for the Yeezy collection without using the name, telling reporters on a conference call that the company owns the rights to the designs.
"Let me be clear, we own all the IP, we own all the designs, we own all the versions and new colorways," CFO Harm Ohlmeyer said,Ohlmeyer told reporters that Adidas is working through options for selling the sneakers in 2023, according to Bloomberg. The German shoe and sportswear company ended its partnership with the rapper formerly known as Kanye West over his antisemitic comments in interviews and social media. Other brands like
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Adidas to Sell Shoes Based on Yeezy Designs Following Break With Kanye WestThe German sporting-goods company said it is the sole owner of all rights to existing products, except for the Yeezy name, and it intended to make use of those rights as early as the end of 2023.
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Adidas’ Split With Kanye’s Yeezy Brand Drives Lower Earnings OutlookAfter splitting with KanyeWest, Adidas has lowered its earnings forecast for the year.
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Greece's wiretapping scandal puts rights at risk: Human Rights WatchAccording to the HRW report, Greece fell 38 positions within a year in Reporters Without Borders’ 2022 press freedom index, with the organisation listing it as the lowest-ranked EU country.
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Adidas warns of big earnings hit after ending Ye partnershipAdidas on Wednesday cut its full-year guidance on the back of the German sportswear giant's termination of its partnership with Kanye West's Yeezy brand.
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Nursing Home CEO Afraid He’ll End Up In One Of Those Places He OwnsKENNETT SQUARE, PA—Confessing concerns about what would happen if one day, in his old age, he became unable to care for himself, nursing home CEO Robert Gallegro told reporters Tuesday he was afraid to end up in one of those places he owns. “I hope my kids never put me into a degrading, isolating facility like the…
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'This Is Important': DOJ to Step Up Poll Monitoring for Midterms'This is important,' said civilrightson on the eve of Election Day. 'It matters that the Justice Department is protecting the rights of voters and enforcing federal voting rights laws.'
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