With Kanye (Ye) out and about in his new ‘YZY SOCK SHOES” and with the recent news of Adidas’ plans to sell its Yeezy inventory seemingly going ahead quicker than expected, it looks like Ye may be readying himself to make his return to fashion.Â
Following a recent shareholders meeting, CEO of Adidas Bjørn Gulden, announced Adidas will be selling their remaining Yeezy inventory (reportedly $1.2 billion USD) with some of the proceeds being donated to charitable organisations that were hurt by Ye’s antisemitic comments from last year.
However, you could say there’s a slight catch as due to an existing agreement from their previous contract, Adidas are obligated to pay Ye 15% of the royalties for every transaction.Â
These plans were only announced last week and it seems Adidas are already gearing up to begin the process as on Tuesday (May 16), product pages of Yeezy trainers were uploaded onto the Adidas UK website.