adidas

Kanye West Leaks Adidas Memo Allegedly Conspiring Against Him

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Kanye West is not giving up in his battle with adidas to call out their business practices amid their new rollout of Yeezys. For those unaware, he claimed that this new initiative to sell the remaining sneaker inventory with new colorways emerged without his approval. Not only that, but Ye alleged that the company was still suing him for hundreds of millions of dollars and refusing to pay him. Now, he leaked an alleged adidas memo on Instagram on Thursday (February 29) that supposedly gives employees various “talking points” when it comes to their debacle. Specifically, it advises employees to “please refrain from extended conversations” about the clash and to emphasize the brand’s sole ownership of Yeezy designs, proper licensing and process of upholding contract agreements, and the years-long completed state of these new designs.

“This is the document that they give employees at adidas when asked questions about Yeezy,” Kanye West captioned the post. “There is an overlap to adidas and Kim ignoring my opinion on where my kids go to school or people ignoring my name change or the entire celebrity culture ostracizing me for my political opinion. It all comes down to human rights which you sacrifice when you’re stigmatized with mental issues. All these situations are actually far cr*zier than what I’ve been branded to be.”

Read More: Kanye West Confronts Screaming Paparazzi Overseas In Funny Video

Kanye West Calls Out Adidas Again

Furthermore, this news actually contrasts interestingly with the success of Ye’s Ty Dolla $ign collab album Vultures. Apparently, their listening events in various U.S. and European cities netted them about $12 million across all shows, which presumably all sold out. Still, that doesn’t change the antisemitic controversies, strained personal relationships, and combative business maneuvers that caused this adidas split. Kanye West is definitely making a valid point here, especially in terms of his mental condition, but it’s muddied by his methods.

Meanwhile, with rumors of his solo album Y3 apparently not being as true as fans thought, who knows what he could do next? Two Vultures installments remain in Ye and Ty’s release plans, and many song previews with no drop attached. As for adidas and Yeezy, it’s very unclear how this situation could evolve in the future. With that in mind, check back in with HNHH for more news and the latest updates on Kanye West.

Read More: Kanye West Gets Praise From Snoop Dogg, & More After Revealing Adidas Is Suing Him For $250 Million

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WATCH: Kanye West’s Paris Fans Chant ‘F*** Adidas’

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Kanye West George Floyd

Kanye West and Bianca Censori are currently in France for Paris Fashion Week. While leaving The Ritz on Wednesday, the adoring crowd outside supported Ye, chanting “F*ck Adidas.”

During the moment, Ye riled up the crowd to be louder and even signed an autograph.

You can see the moment below.

Kanye West is not here for the sale of the new Yeezys. After the brand announced a new stock drop at the end of the month, Kanye hit the net with a message, stating he was sued.

“Not only are they putting out fake colorways that are not approved, they are suing me for $250 million,” Ye said. “And they also not paying me for these shoes they are putting out that has my name on it.

“They are using contract clauses and 50 years of business experience to rape an artist – one of y’all favorite artists – right in front of y’all in broad daylight.”

According to Complex, Adidas announced the remaining release of its Yeezy stock on Feb. 29. The “Steel Grey” Yeezy Boost 350 V2 will be available for $230 by using the Confirmed app, Adidas app, or Adidas.com.

Adidas also teased additional sneakers, showing an image with silhouettes of the Yeezy Foam Runner, the Yeezy 500, the Yeezy Boost 350 V2, and the Yeezy Slides.

Meanwhile, Kanye West delivered a message to fans to not buy them. “Anybody who loves Ye would not buy these fake Yeezys [.] I never made these color ways [.] I’m not getting paid off of them and adidas is suing me.”

You can see his full statement below.

In Sept. 2023, Ye received words of support from Adidas CEO Bjørn Gulden. In an interview, Gulden stated he doesn’t believe Kanye West is a bad person.

“And then as creative people he did some statements which wasn’t that good,” Gulden said. “And that caused Adi to break the contract and withdraw the product. Very unfortunate because I don’t think he meant what he said and I don’t think he’s a bad person it just came across that way.

“That meant we lost that business. One of the most successful collabs in history — very said. But again, when you work with third parties that can happen. It’s part of the game.”

Adidas reports a revenue of $437 million in the first release of leftover Yeezy sneakers from their nixed deal with Ye, formerly known as Kanye West. The first run of shoes hit online in June, selling out. The second run began to sell on Wednesday.

The sale of the sneakers was the efforts to empty their inventory responsibly. After the first launch, CEO Bjørn Gulden said, “We will continue to carefully sell off more of the existing Yeezy inventory,”

Adidas has also announced the donation of over 10 million euros to groups like the Anti-Defamation League, the Philonise & Keeta Floyd Institute for Social Change, and Robert Kraft’s Foundation to Combat Antisemitism.

According to Billboard, 20% to 25% of the stock was unloaded in the first sale.

The post WATCH: Kanye West’s Paris Fans Chant ‘F*** Adidas’ first appeared on The Source.

The post WATCH: Kanye West’s Paris Fans Chant ‘F*** Adidas’ appeared first on The Source.

Kanye West & Bianca Censori Encourage Paris Crowd To Chant “F*** Adidas”

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It’s no secret that Kanye West has had his fair share of problems with Adidas, but luckily for the Chicago MC, it looks like his fans have his back. Earlier today, he and his wife Bianca Censori were spotted leaving The Ritz in Paris, where they were immediately swarmed by paparazzi. A few of them even started shouting “f*ck Adidas,” which prompted a smirk from Censori.

Ye seemed to appreciate the sentiment too, though his expression was tough to make out through his full face covering. He did take a moment to encourage onlookers to chant louder, however, and later scratched “f*ck Adidas” across a fan’s copy of My Beautiful Dark Twisted Fantasy.

Read More: Bianca Censori Joins Kanye West At Milan Fashion Week With Risque Outfit

Adidas Is Still Suing Ye For $250 Million

Kanye West and Bianca Censori attend the Marni fashion show during the Milan Fashion Week Womenswear Fall/Winter 2024-2025 on February 23, 2024 in Milan, Italy. (Photo by Arnold Jerocki/Getty Images)

The chant comes weeks after Ye posted a photo alongside CEO Bjorn Gulden, sparking rumors of a reunion. The rumors were quickly squashed, however. The hitmaker went on to slam the brand for continuing to sell the Yeezy Boost 350. “Anybody who loves Ye would not buy these fake Yeezys,” he wrote. “I never made these color ways I’m not getting paid off of them and adidas is suing me. All these celebrities and the public will stand against a T shirt or the color of my hat but when yall see me have my children hidden from me or see an actual Fortune 500 company rape one of your heroes in real life don’t nobody say nothing or do nothing.”

“As far as the system goes What yall gone do now Take my album down again Freeze my accounts again Threaten people to not work with me again. All the new non approved 350’s are cooorny and everybody know the 350 been corny,” Ye added. What do you think of a Paris crowd shouting “f*ck Adidas” at Kanye West and Bianca Censori? What about Ye encouraging them? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

Read More: Adin Ross Apologizes To Kanye West After Bianca Censori Intervenes

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Kanye West, Ty Dolla $ign Sued by Donna Summer Estate for Copyright Infringement

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Kanye West George Floyd

Another day, another lawsuit for Kanye West. Ye and his Vultures partner, Ty Dolla $ign, are being sued by the Donna Summer estate for using the icon’s “I Feel Love” in the creation of “Good (Don’t Die).”

The suit is led by Summer’s husband, Bruce Sandano, stating the interpolation was not approved due to Ye’s “controversial history.”

Ye submitted a request for clearance, but it was denied on Feb. 3, 2024, in both written and phone communications. The song was submitted for clearance at Universal Music Enterprises as an alternative but was once again denied.

The estate is now seeking damages of $150,000 for each infringement.

Earlier this week, after Adidas announced a new stock drop of Yeezy sneakers at the end of the month, Kanye hit the net with a message stating he was sued.

“Not only are they putting out fake colorways that are not approved, they are suing me for $250 million,” Ye said. “And they also not paying me for these shoes they are putting out that has my name on it.

“They are using contract clauses and 50 years of business experience to rape an artist – one of y’all favorite artists – right in front of y’all in broad daylight.”

The post Kanye West, Ty Dolla $ign Sued by Donna Summer Estate for Copyright Infringement first appeared on The Source.

The post Kanye West, Ty Dolla $ign Sued by Donna Summer Estate for Copyright Infringement appeared first on The Source.

Kanye West Says Adidas is Suing Him for $250M While Dropping Fake Shoes in His Name

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Kanye West George Floyd

Kanye West is not here for the sale of the new Yeezys. After the brand announced a new stock drop at the end of the month, Kanye hit the net with a message, stating he was sued.

“Not only are they putting out fake colorways that are not approved, they are suing me for $250 million,” Ye said. “And they also not paying me for these shoes they are putting out that has my name on it.

“They are using contract clauses and 50 years of business experience to rape an artist – one of y’all favorite artists – right in front of y’all in broad daylight.”

According to Complex, Adidas announced the remaining release of its Yeezy stock on Feb. 29. The “Steel Grey” Yeezy Boost 350 V2 will be available for $230 by using the Confirmed app, Adidas app, or Adidas.com.

Adidas also teased additional sneakers, showing an image with silhouettes of the Yeezy Foam Runner, the Yeezy 500, the Yeezy Boost 350 V2, and the Yeezy Slides.

Meanwhile, Kanye West delivered a message to fans to not buy them. “Anybody who loves Ye would not buy these fake Yeezys [.] I never made these color ways [.] I’m not getting paid off of them and adidas is suing me.”

You can see his full statement below.

In Sept. 2023, Ye received words of support from Adidas CEO Bjørn Gulden. In an interview, Gulden stated he doesn’t believe Kanye West is a bad person.

“And then as creative people he did some statements which wasn’t that good,” Gulden said. “And that caused Adi to break the contract and withdraw the product. Very unfortunate because I don’t think he meant what he said and I don’t think he’s a bad person it just came across that way.

“That meant we lost that business. One of the most successful collabs in history — very said. But again, when you work with third parties that can happen. It’s part of the game.”

Adidas reports a revenue of $437 million in the first release of leftover Yeezy sneakers from their nixed deal with Ye, formerly known as Kanye West. The first run of shoes hit online in June, selling out. The second run began to sell on Wednesday.

The sale of the sneakers was the efforts to empty their inventory responsibly. After the first launch, CEO Bjørn Gulden said, “We will continue to carefully sell off more of the existing Yeezy inventory,”

Adidas has also announced the donation of over 10 million euros to groups like the Anti-Defamation League, the Philonise & Keeta Floyd Institute for Social Change, and Robert Kraft’s Foundation to Combat Antisemitism.

According to Billboard, 20% to 25% of the stock was unloaded in the first sale.

The post Kanye West Says Adidas is Suing Him for $250M While Dropping Fake Shoes in His Name first appeared on The Source.

The post Kanye West Says Adidas is Suing Him for $250M While Dropping Fake Shoes in His Name appeared first on The Source.

Adidas Announces New Yeezy Stock, Kanye West Calls Them ‘Fake’

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kanye west adidas

More Yeezy sneakers are on the way from Adidas. According to Complex, Adidas announced the remaining release of its Yeezy stock on Feb. 29.

Sneaker collectors can get the “Steel Grey” Yeezy Boost 350 V2 on the day above for $230 by using the Confirmed app, Adidas app, or Adidas.com.

Adidas also teased additional sneakers, showing an image with silhouettes of the Yeezy Foam Runner, the Yeezy 500, the Yeezy Boost 350 V2, and the Yeezy Slides.

Meanwhile, Kanye West delivered a message to fans to not buy them. “Anybody who loves Ye would not buy these fake Yeezys [.] I never made these color ways [.] I’m not getting paid off of them and adidas is suing me.”

You can see his full statement below.

In Sept. 2023, Ye received words of support from Adidas CEO Bjørn Gulden. In an interview, Gulden stated he doesn’t believe Kanye West is a bad person.

“And then as creative people he did some statements which wasn’t that good,” Gulden said. “And that caused Adi to break the contract and withdraw the product. Very unfortunate because I don’t think he meant what he said and I don’t think he’s a bad person it just came across that way.

“That meant we lost that business. One of the most successful collabs in history — very said. But again, when you work with third parties that can happen. It’s part of the game.”

Adidas reports a revenue of $437 million in the first release of leftover Yeezy sneakers from their nixed deal with Ye, formerly known as Kanye West. The first run of shoes hit online in June, selling out. The second run began to sell on Wednesday.

The sale of the sneakers was the efforts to empty their inventory responsibly. After the first launch, CEO Bjørn Gulden said, “We will continue to carefully sell off more of the existing Yeezy inventory,”

Adidas has also announced the donation of over 10 million euros to groups like the Anti-Defamation League, the Philonise & Keeta Floyd Institute for Social Change, and Robert Kraft’s Foundation to Combat Antisemitism.

According to Billboard, 20% to 25% of the stock was unloaded in the first sale.

The post Adidas Announces New Yeezy Stock, Kanye West Calls Them ‘Fake’ first appeared on The Source.

The post Adidas Announces New Yeezy Stock, Kanye West Calls Them ‘Fake’ appeared first on The Source.

Is Adidas Still Selling Kanye West’s Yeezy Sneakers?

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Kanye West Adidas Yeezy 2016
Getty Image

Kanye West had a good run with his Adidas partnership, but that ended up crumbling thanks to West’s antisemitic comments and Adidas not being interested in having their brand attached to that sort of thing. But, Adidas x Yeezy isn’t quite finished yet.

Is Adidas Still Selling Kanye West’s Yeezy Sneakers?

They sure are.

Last May, it was revealed that Adidas had decided to sell off their remaining Yeezy stock after terminating their partnership with West. Adidas CEO Bjorn Gulden said at the time, “What we are trying to do now over time is sell parts of this inventory and donate money to the organizations that are helping us and that were also hurt by Kanye’s statements.”

That decision ended up paying off financially: That August, it was reported the company had brought in nearly half a billion dollars from the Yeezy inventory.

Then, today (February 26), the company announced additional releases of existing Yeezy products. West didn’t take this news well, writing on Instagram, “Anybody who loves Ye would not buy these fake Yeezys. I never made these colorways. I’m not getting paid off of them and adidas is suing me. All these celebrities and the public will stand against a T-shirt or the color of my hat but when yall see me have my children hidden from me or see an actual Fortune 500 company rape one of your heroes in real life don’t nobody say nothing or do nothing. As far as the system goes What yall gone do now? Take my album down again? Freeze my accounts again? Threaten people to not work with me again? All the new non approved 350’s are cooorny.”

Did Kanye West Make The New Adidas YZY 350s?

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Kanye West January 2024
Getty Image

In early 2023, after discontinuing its partnership with Kanye West and his Yeezy brand, Adidas announced that it had reached an agreement to continue selling YZY-branded shoes without West’s involvement. The deal was intended to help Adidas liquidate nearly $1 billion in unsold merchandise as an alternative to destroying it. In August, it was reported that the first batch of YZYs sold turned around nearly $500 million in sales for a quarter of the warehoused goods, donating a portion of the profit to the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change.

With Adidas announcing its next run of releases, though, it looks like Mr. West is very upset about his lack of involvement. Commenting on an Instagram fan page’s post about the announcement, Kanye absolutely unloaded on Adidas’ leadership, complaining about his public treatment over the last year and a half (which was entirely self-induced, it must be noted).

kanye adidas angry
Instagram

“Anybody who loves Ye would not buy these fake Yeezys,” he wrote. “I never made these colorways. I’m not getting paid off of them and adidas is suing me. All these celebrities and the public will stand against a T-shirt or the color of my hat but when yall see me have my children hidden from me or see an actual Fortune 500 company rape one of your heroes in real life don’t nobody say nothing or do nothing. As far as the system goes What yall gone do now? Take my album down again? Freeze my accounts again? Threaten people to not work with me again? All the new non approved 350’s are cooorny.”

According to sources with knowledge of the deal, though, West rarely attended meetings to give approvals, so… again… maybe don’t throw rocks and complain about all the glass. The lawsuit he refers to here was over $100 million the company delivered to him for marketing purposes which he secreted away into other accounts for other Yeezy projects and has yet to return. Adidas, meanwhile, is being sued by its own shareholders over his actions.

Kanye West Gets Praise From Snoop Dogg, & More After Revealing Adidas Is Suing Him For $250 Million

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Kanye West shared multiple posts about Adidas continuing to sell its inventory of the Yeezy Boost 350 on Instagram, on Monday. He says that he’s getting no profit from the sales and advised fans not to purchase the sneaker. Additionally, he revealed Adidas is still suing him for $250 million. In response, many followers shared their support for him in the comments section.

“Speak ya truth,” Snoop Dogg commented on a video of West explaining the situation. Colby Covington called for a boycott of the brand. Another fan suggested: “Just move back to Nike ye. They gon love you there.” One user joked: “Kanye gets in front of a mirror every time he talks to make sure he talking to the brightest person in the room when he rants. That’s why he never looking at the camera.”

Read More: Kanye West Reveals Yeezy Earnings Following DIY Super Bowl Ad

Kanye West Attends Milan Fashion Week

MILAN, ITALY – FEBRUARY 23: Renzo Rosso, Kanye West and Bianca Censori attend the Marni fashion show during the Milan Fashion Week Womenswear Fall/Winter 2024-2025 on February 23, 2024 in Milan, Italy. (Photo by Arnold Jerocki/Getty Images)

In another post, Ye shared a screenshot of Adidas selling a grey version of the Yeezy Boost 350 and explained that the sneaker is “corny” now. “Anybody who loves Ye would not buy these fake Yeezys,” he wrote. “I never made these color ways I’m not getting paid off of them and adidas is suing me. All these celebrities and the public will stand against a T shirt or the color of my hat but when yall see me have my children hidden from me or see an actual Fortune 500 company rape one of your heroes in real life don’t nobody say nothing or do nothing. As far as the system goes What yall gone do now Take my album down again Freeze my accounts again Threaten people to not work with me again. All the new non approved 350’s are cooorny and everybody know the 350 been corny.”

Kanye West Goes Off On Adidas

 
 
 
 
 
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A post shared by Ye (@kanyewest)

Adidas announced the company would be continuing to sell the inventory of its Yeezy products and donating the proceeds to charity back in 2023. Be on the lookout for further updates on Kanye West on HotNewHipHop.

Read More: Kanye West Slams Adidas For Bringing Back Yeezy 350 Inventory

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Bjørn Gulden Net Worth 2024: What Is The Adidas CEO Worth?

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Bjørn Gulden, the CEO of Adidas, has garnered substantial attention not only for his remarkable leadership but also for his amassed wealth. With an estimated net worth of around $125 million as per Popularnetworth, Gulden’s financial status has become a subject of interest for many. Let’s delve into the trajectory of his career, the highlights of his tenure at Adidas, and the ventures that have contributed to his considerable wealth.

Read More: Kanye West Sparks Adidas Rumors After Posing With The Company’s CEO

Rise To Prominence

Björn Gulden
19 February 2020, Bavaria, Herzogenaurach: Björn Gulden (r), Chairman and Managing Director of the sporting goods manufacturer Puma SE, and Michael Lämmermann, Puma’s CFO, are standing in front of the company logo before the start of the company’s annual press conference. Photo: Daniel Karmann/dpa (Photo by Daniel Karmann/picture alliance via Getty Images)

Bjørn Gulden’s journey to success is marked by his exceptional leadership skills and business acumen. Before joining Adidas, Gulden held various prominent positions in renowned companies, including Puma and Deichmann Group. Furthermore, his expertise in the sports industry and his ability to drive growth made him a sought-after figure in the corporate world.

Appointment As Adidas CEO

Björn Gulden
31 January 2024, Hamburg: Bjørn Gulden, CEO of Adidas, takes part in a panel discussion at the industry conference SpoBis. Photo: Christian Charisius/dpa (Photo by Christian Charisius/picture alliance via Getty Images)

In January 2023, Bjørn Gulden assumed the role of CEO at Adidas, stepping into the shoes of Kasper Rorsted. His appointment undoubtedly brought a wave of anticipation and excitement within the industry, given his stellar track record and deep understanding of the sportswear market. Since taking on the helm, Gulden has spearheaded strategic initiatives aimed at further solidifying Adidas’s position as a global leader in the athletic apparel industry.

Contributions To Adidas’s Success

Björn Gulden
LAS VEGAS, NEVADA – FEBRUARY 09: (L-R) Chelsea Gray, Garrett Wilson, Zinedine Zidane, , CEO of adidas AG, Amon-Ra St. Brown and Tua Tagovailoa attend as adidas debuts its brand campaign with a star-studded roster of athletes at Resorts World Las Vegas on February 09, 2024 in Las Vegas, Nevada. (Photo by Joe Scarnici/Getty Images for adidas)7

Under Gulden’s leadership, Adidas has witnessed significant milestones and accomplishments. His visionary approach has guided the company through challenging times, enabling it to adapt to evolving consumer trends and market dynamics successfully. Additionally, Gulden’s emphasis on innovation, sustainability, and consumer-centric strategies has propelled Adidas to new heights, resulting in sustained growth and profitability.

Diversified Ventures

Björn Gulden
NEW YORK, NEW YORK – NOVEMBER 29: A$AP Nast (L) and Bjørn Gulden attend the 37th Annual Footwear News Achievement Awards at Cipriani South Street on November 29, 2023 in New York City. (Photo by Gotham/WireImage)

Beyond his role at Adidas, Bjørn Gulden has ventured into various business endeavors that have contributed to his substantial net worth. From investments in startups to strategic partnerships with prominent brands, Gulden has demonstrated a knack for identifying lucrative opportunities and capitalizing on them effectively. His diversified portfolio reflects his entrepreneurial spirit and his commitment to exploring new avenues for growth and success.

Gulden’s entrepreneurial ventures extend beyond the realm of sports apparel, encompassing sectors such as technology, hospitality, and entertainment. His forward-thinking approach and willingness to embrace innovation have enabled him to thrive in a competitive business landscape, further augmenting his wealth and influence.

Read More: Kanye West Delivers Low-Effort DIY Super Bowl Yeezy Ad

Conclusion

In conclusion, Bjørn Gulden’s estimated net worth of $125 million underscores not only his financial success but also his exceptional leadership skills and business foresight. As the CEO of Adidas, Gulden continues to steer the company towards greater heights, leveraging his expertise and vision to drive innovation and sustainable growth. Moreover, his diversified ventures beyond Adidas serve as a testament to his entrepreneurial spirit and his commitment to exploring new opportunities. As Gulden’s influence and impact continue to expand, his net worth is likely to reflect the fruits of his continued success and endeavors.

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