Adidas plans to begin selling its more than $1 billion worth of leftover Yeezy sneakers later this month.
. “Selling and donating was the preferred option among all organizations and stakeholders we spoke to. There is no place in sport or society for hate of any kind and we remain committed to fighting against it.”
Yeezy products have been unavailable to shoppers since Adidas terminated its partnership with Ye, formerly known asThe items to be sold include existing designs as well as designs that were in the works in 2022 for sale this year, Adidas said.had spent months trying to find solutions before deciding against destroying the items and to rather sell them to benefit various charities that were harmed by what Ye said.
The company said Friday that the move has no immediate impact on the company’s current financial guidance for 2023.
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