Both parties said we dont need to fight anymore and withdrew all the claims, said CEO Bjorn Gulden.
No one owes anybody anything anymore.
So whatever was is history.Adidasand West settled out of court, with the claims from both sides being withdrawn.
Kanye West at Milk Studios on June 28, 2016 in Hollywood, California. adidas and Kanye West announce the future of their partnership: adidas + KANYE WESTJonathan Leibson/Getty Images
In 2023, Adidas started to clear house on itsremaining stockof Yeezys.
The company brought in around $437 million its first sale of theleftover sneakers.
A portion of the proceeds benefitted charities including the Anti-Defamation League and a non-profit founded by George Floyds brother.
The sale came months after some Adidas shareholders filed aclass action lawsuitagainst the company.
They alleged that the brand failed to minimize the fallout from the West split, which impacted stocks.
The suit was dismissed in August 2024.
