Kanye West and Adidas have settled their legal dispute – two years after the sportswear brand ended their partnership with the rapper over his anti-Semitic comments
West’s $220million annual deal with the German company, which was worth $1.5billion in total, was terminated in October 2022 – after the musician made repeated vile remarks – including an X post saying he would go ‘de.ath-con 3 on Jewish people.’
Adidas announced Tuesday they have reached an an out-of-court settlement with West to end all legal proceedings between them – adding that no money changed hands in the agreement.
Adidas and West had been embroiled in multiple lawsuits for the past two years.
CEO Bjorn Gulden said: ‘There isn’t any more open issues, and there is no… money going either way, and we both move on.
‘There were tensions on many issues, and… when you put the claims on the right side and you put the claims on the left side, both parties said we don’t need to fight anymore and withdrew all the claims.’
The axing of West saw him lose his billionaire status – and was among multiple high-profile endorsements the rapper lost in the wake of his outbursts.
The partnership began in 2013, after he let a collaboration with Nike, and was expected to be a ten-year-long production.
Before being dumped by the brand Kanye had already begun publicly sparring with Adidas executives, accusing them of ‘stealing’ his ideas.
West owns the Yeezy brand but Adidas pay him an annual royalty fee to sell the products.
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