Kanye West claims Adidas offered $1 billion buyout from his Yeezy brand
Kanye West — who now goes by the name Ye — claimed in a series of Instagram posts this week that he was "offered a $1 billion buyout from his Yeezy brand's venture with Adidas," according to Business of Fashion. West's claim comes amid the ongoing feud he's had with the company since launching Yeezy back in 2015.
West made several accusations concerning Adidas, including that the company was "releasing products without his participation," BoF reports. He appeared to be alluding to the Adilette Boost Slides, which Adidas released earlier this summer; "while the Yeezy Slide shape is not the most novel, the similarities between it and the Adilette 22 are clear," Complex wrote at the time.
"The fact [Adidas] felt they could color my shoes and name them without my approval is really wild," West said this week. "My royalties next year are 500 million dollars alone." West further stressed that no matter what Adidas decides to do with the Yeezy brand, it would cost the company "billions." He also threatened to "legally destroy" Adidas. As West explained, he wants to have something to hand down to his children and "some things are bigger than money."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
West may be working on yet another deal in his effort to become the "chief decision maker" of his shoe company, GQ reports, as he's apparently dropped hints of possibly buying family-owned San Antonio Shoemakers (SAS), according to San Antonio Express-News.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kelsee Majette has worked as a social media editor at The Week since 2022. In 2019, she got her start in local television as a digital producer and fill-in weather reporter at NTV News. Kelsee also co-produced a lifestyle talk show while working in Nebraska and later transitioned to 13News Now as a digital content producer.
-
The controversy over rewilding in the UK
The Explainer 'Irresponsible and illegal' release of four lynxes into Scottish Highlands 'entirely counterproductive' say conservationists
By The Week UK Published
-
How to decide on the right student loan repayment plan
The explainer President-elect Donald Trump seems unlikely to approve more student loan forgiveness, so you may want to consider other options
By Becca Stanek, The Week US Published
-
Crossword: January 15, 2025
The Week's daily crossword
By The Week Staff Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published