Ye Reveals Alleged Internal Memo From Adidas With Talking Points On Selling Yeezys
The beef between adidas and Ye does not seem to be ending anytime soon after the embattled music producer revealed an alleged internal document from the company in a since-deleted Instagram post. He showed a document that allegedly gave adidas employees talking points regarding the Yeezys.
According to Complex, the document was posted on Ye’s social media on Feb. 26. It allegedly showed the script that employees were to say when speaking of the Yeezy product: “Adidas is the sole owner of the product, including the design rights for existing products as well as previous colorways. The products are existing Yeezy designs initiated in 2022. Adidas honored contractual obligations and discussed releasing products prior to the announcement with the former partner.”
The internal memo was sent out last week as adidas announced that they will be selling the remaining stock of Yeezys in their possession. Ye then accused the company of selling fake Yeezys and stated that they were suing him for $250 million.
“This is the document that they give employees at adidas when asked questions about Yeezy,” Ye said.
He says the company is suing him and that he will be making no money from the current sales. He says they are also using 50 years of business experience and contract clauses to “assault” him.
Ye speaks on the Adidas Yeezy situation pic.twitter.com/kMemoxHkoK
— Complex Sneakers (@ComplexSneakers) February 26, 2024
Last summer, according to Insider, the sports brand received orders reportedly worth 508 million euros ($564 million). Before deciding to put the Yeezys back on the market, adidas anticipated writing the product off for $500 million. When shareholders pressured them, the company changed direction earlier in 2023. Then in November, after making plans to release another round of Yeezys, according to Complex, an internal memo from Adidas stated that the company decided to postpone the release of Yeezys. It was speculated that the sale of the popular sneakers has been paused due to the ongoing war between Hamas and Israel.
Ye Reveals Alleged Internal Memo From Adidas With Talking Points On Selling Yeezys
