WORLDWRAPFEDERATION.COM

IN THE STREETS & ON THE WEB

Kanye West's Yeezy designs will, in fact, live on at Adidas after all but they'll have a completely different title when they drop. Adidas honchos announced Wednesday the company plans to continue selling more of the Ye-inspired shoes starting as early as 2023, but without a trace of the Yeezy name Adidas reportedly emphasized to their shareholders the company remains the sole owner of the core designs of the current Yeezys in circulation including shoe silhouettes and colorways. As such, they feel they have every right to keep hawking them. Adidas also gave some sobering financial numbers noting it expects to lose up to half a billion dollars in annual revenue as a result of ending partnership with yezzy execs said they'd take a $247 million hit, this year alone. Unclear if they're going to discard the Yeezy inventory they have right now, or retweak and rerelease them. In any case, it sounds like sneakerheads will see "Yeezys" on the market again soon enough. Adidas had already signaled this move when it first cut ties with Kanye explicitly saying the shoe designs belonged to them. Kanye hasn't publicly said anything about that stance or the company's plan to sell rebranded Yeezys. Kanye's griped in the past about ownership. As it stands, at least on paper, he only owns the patent to Yeezy Slides.

SOURCE

Views: 8

Comment

You need to be a member of WORLDWRAPFEDERATION.COM to add comments!

Join WORLDWRAPFEDERATION.COM

Listen to Scurry Life Radio For Artist Placement On The Site Contact: R5420records@yahoo.com

© 2024   Created by WORLD WRAP FEDERATION.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Subscribe