Adidas to Sell $1 Billion Worth of Yeezy Sneakers This Month.

Adidas will sell its remaining Yeezy sneakers worth over $1 billion, including existing and upcoming designs, with proceeds to be donated to anti-racism groups such as the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change. The move comes after Adidas terminated its partnership with Kanye West, also known as Ye, in 2022 following his antisemitic comments. The decision has no immediate impact on the company's financial guidance for 2023.