{"id":115614,"date":"2023-05-12T10:56:29","date_gmt":"2023-05-12T02:56:29","guid":{"rendered":"https:\/\/snkrdunk.com\/en\/magazine\/?p=115614"},"modified":"2023-05-12T10:56:31","modified_gmt":"2023-05-12T02:56:31","slug":"adidas-to-sell-their-remaining-yeezy-inventory-and-donate-part-of-proceeds-to-charity","status":"publish","type":"post","link":"https:\/\/snkrdunk.com\/en\/magazine\/2023\/05\/12\/adidas-to-sell-their-remaining-yeezy-inventory-and-donate-part-of-proceeds-to-charity\/","title":{"rendered":"adidas to Sell Their Remaining YEEZY Inventory and Donate Part of Proceeds to Charity"},"content":{"rendered":"\n<p class=\"has-text-align-left\">adidas suffered a loss of more than $440 million when the YEEZY agreement was terminated in October 2022. According to reports last week, the restored partnership only applies to the Three Stripes&#8217; remaining supply of adidas YEEZYs, which includes a new version of the YEEZY BOOST 350 &#8220;Pirate Black&#8221;. Neither adidas nor Ye disclosed this information in an official capacity, with this news reported by YEEZY MAFIA\u2014an account pertinent to all things in regards to the latter.<\/p>\n\n\n\n<p class=\"has-text-align-left\">The current conditions are as follows: Ye will earn 15% of the revenue from all sales, with the remainder going to selected foreign charities.<\/p>\n\n\n\n<p>adidas CEO Bj\u00f8rn Gulden also confirmed they&#8217;d had spent the last seven months evaluating their options, including one that involves destroying the remaining inventory entirely. But told investors that \u201cburning several million pairs [of shoes] does not make sense.\u201d He adds, \u201cWhat 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\u2019s statements.\u201d<\/p>\n\n\n\n<p>Although adidas have announced their intention to sell the remaining inventory, Gulden ascertains they&#8217;re still working out the specifics of how and when the sale of the stock will take place.<\/p>\n\n\n\n<p>In other footwear news, check out the <a href=\"https:\/\/snkrdunk.com\/en\/magazine\/2023\/05\/11\/the-nike-terminator-low-joins-the-ny-vs-ny-lineup\/?slide=right\" target=\"_blank\" rel=\"noreferrer noopener\">Nike Terminator Low \u201cNY vs. NY\u201d<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.instagram.com\/snkrdunk_int\/\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"300\" src=\"https:\/\/snkrdunk.s3.ap-northeast-1.amazonaws.com\/en\/magazine\/wp-content\/uploads\/2022\/07\/20154621\/Magazine-Bottom-Banner-copy.webp\" alt=\"Magazine-Bottom-Banner\" class=\"wp-image-22285\" srcset=\"https:\/\/snkrdunk.s3.ap-northeast-1.amazonaws.com\/en\/magazine\/wp-content\/uploads\/2022\/07\/20154621\/Magazine-Bottom-Banner-copy.webp 970w, https:\/\/snkrdunk.s3.ap-northeast-1.amazonaws.com\/en\/magazine\/wp-content\/uploads\/2022\/07\/20154621\/Magazine-Bottom-Banner-copy-300x93.webp 300w, https:\/\/snkrdunk.s3.ap-northeast-1.amazonaws.com\/en\/magazine\/wp-content\/uploads\/2022\/07\/20154621\/Magazine-Bottom-Banner-copy-768x238.webp 768w, https:\/\/snkrdunk.s3.ap-northeast-1.amazonaws.com\/en\/magazine\/wp-content\/uploads\/2022\/07\/20154621\/Magazine-Bottom-Banner-copy-282x87.webp 282w\" sizes=\"(max-width: 970px) 100vw, 970px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>adidas suffered a loss of more than $440 million when the YEEZY agreement was terminated in October 2022. According to reports last week, the restored partnership only applies to the Three Stripes&#8217; remaining supply of adidas YEEZYs, which includes a new version of the YEEZY BOOST 350 &#8220;Pirate Black&#8221;. Neither adidas nor Ye disclosed this [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":115637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,2,21,18,19],"tags":[],"class_list":["post-115614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-adidas","category-brands","category-calendar","category-latest-news","category-releases"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.3 - aioseo.com -->\n\t<meta name=\"description\" content=\"adidas suffered a loss of more than $440 million when the YEEZY agreement was terminated in October 2022. According to reports last week, the restored partnership only applies to the Three Stripes&#039; remaining supply of adidas YEEZYs, which includes a new version of the YEEZY BOOST 350 &quot;Pirate Black&quot;. Neither adidas nor Ye disclosed this\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Shoya Kishimoto\"\/>\n\t<meta name=\"p:domain_verify\" content=\"380b7b62d2685b12bd2416a5165187e6\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/snkrdunk.com\/en\/magazine\/2023\/05\/12\/adidas-to-sell-their-remaining-yeezy-inventory-and-donate-part-of-proceeds-to-charity\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.3\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"SNKRDUNK Magazine | Everything related to the Sneaker, Streetwear, TCG, Collectibles, and Street Culture\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Adidas to Sell Their Remaining YEEZY Inventory and Donate Part of Proceeds to Charity | SNKRDUNK Magazine\" \/>\n\t\t<meta property=\"og:description\" content=\"adidas suffered a loss of more than $440 million when the YEEZY agreement was terminated in October 2022. According to reports last week, the restored partnership only applies to the Three Stripes&#039; remaining supply of adidas YEEZYs, which includes a new version of the YEEZY BOOST 350 &quot;Pirate Black&quot;. Neither adidas nor Ye disclosed this\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/snkrdunk.com\/en\/magazine\/2023\/05\/12\/adidas-to-sell-their-remaining-yeezy-inventory-and-donate-part-of-proceeds-to-charity\/\" \/>\n\t\t<meta property=\"fb:app_id\" content=\"429811298771881\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/snkrdunk.s3.ap-northeast-1.amazonaws.com\/en\/magazine\/wp-content\/uploads\/2023\/05\/12104356\/Featured-Image-Adidas-to-Sell-Their-Remaining-YEEZY-Inventory-and-Donate-Part-of-Proceeds-to-Charity.jpg\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/snkrdunk.s3.ap-northeast-1.amazonaws.com\/en\/magazine\/wp-content\/uploads\/2023\/05\/12104356\/Featured-Image-Adidas-to-Sell-Their-Remaining-YEEZY-Inventory-and-Donate-Part-of-Proceeds-to-Charity.jpg\" \/>\n\t\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t\t<meta property=\"og:image:height\" content=\"699\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2023-05-12T02:56:29+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2023-05-12T02:56:31+00:00\" \/>\n\t\t<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/snkrdunk\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:site\" content=\"@snkrdunk\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Adidas to Sell Their Remaining YEEZY Inventory and Donate Part of Proceeds to Charity | SNKRDUNK Magazine\" \/>\n\t\t<meta name=\"twitter:description\" content=\"adidas suffered a loss of more than $440 million when the YEEZY agreement was terminated in October 2022. According to reports last week, the restored partnership only applies to the Three Stripes&#039; remaining supply of adidas YEEZYs, which includes a new version of the YEEZY BOOST 350 &quot;Pirate Black&quot;. 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