Adidas struggles to repurpose unsold Yeezys, blames Kanye split for losses.

TL;DR Summary
Adidas has yet to release a plan on how it will repurpose the piles of unsold Yeezy merchandise, more than six months after cutting ties with Kanye West. The delay has frustrated investors, who filed a class-action lawsuit against Adidas earlier this week. Adidas CEO Bjorn Gulden said the company is working on different options and that there are three or four scenarios now building. A repurpose plan could be approved in the "mid-term in the future."
- Unsold Yeezys collect dust as Adidas lags on a plan to repurpose them NPR
- Adidas warehouses still full of unsold Yeezy shoes after split with Ye OregonLive
- Adidas beats forecasts, but Yeezy headache lingers Reuters
- adidas Blames YEEZY for $448 Million USD 2023 Q1 Loss HYPEBEAST
- Cutting Ties With Kanye West Will Cost Adidas Over $550 Million Robb Report
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