Connect with us

celebrities

Adidas ends legal disputes with Kanye West, plans to sell remaining yeezy stock

Published

on

Adidas Kanye West settlement

Adidas finalises settlement with Kanye West, ending legal disputes and confirming plans to sell off remaining Yeezy stock by late 2024.

 

 

Adidas has officially ended its legal dispute with American rapper Kanye West, popularly known as Yeezy, following a turbulent period marked by public and corporate fallout.

The German multinational corporation terminated its collaboration with West in 2022 after he made antisemitic remarks, which spurred significant backlash, including from the American Jewish Committee (AJC), and led to calls for companies to cut ties with the rapper.

Advertisement

 

Also read: Kanye West launches adult company

 

Bjorn Gulden, CEO of Adidas, confirmed on Tuesday that the company had reached an out-of-court settlement with West. “The drama with West belongs to the past.

Negotiations and settlements have been done,” Gulden said, though he did not disclose specific details of the agreement, emphasising that no money had been exchanged.

When Adidas ended its partnership with West in 2022, the company was left with Yeezy-branded stock valued at approximately €1.2 billion (£840 million).

Advertisement

In light of the concluded settlement, Adidas announced plans to sell the remaining Yeezy inventory, aiming to clear all stock by the end of 2024.

The decision marks a critical point in Adidas’ handling of the Yeezy fallout, which has impacted the brand’s market position.

The company’s remaining Yeezy stock, a significant asset at the time of the split, will now be gradually released, bringing closure to one of the most high-profile corporate disputes in recent years.

Adidas’ choice to move on from the controversy underscores the corporation’s effort to distance itself from past controversies, focusing instead on restructuring and moving forward with its brand integrity intact.

This settlement with Kanye West, though financial details remain private, signifies the close of a chapter that has had a profound impact on the sportswear giant.

Advertisement

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

celebrities

Ronke Odusanya opens up about marriage breakdown with Saheed Olarewaju

Published

on

Ronke Odusanya marriage

Nollywood actress Ronke Odusanya reveals shocking details about her marriage breakdown with Saheed Olarewaju, including false accusations and hardships.

 

 

Nollywood actress Ronke Odusanya has publicly addressed the collapse of her marriage to Saheed Olarewaju, known as Jago, during a recent interview with her colleague Bimpe Akintunde.

In a candid conversation, Odusanya revealed the circumstances that led to their separation and the painful accusations that marred their relationship.

Advertisement

 

Also read: Foluke Daramola’s husband, Kayode Salako, confirms marriage to new wife amid childbirth agreement

 

The actress disclosed that a friend allegedly misinformed her husband about her intentions, claiming that Odusanya was planning to leave him to pursue a life of prostitution. She stated, “A friend of mine told my partner that I wanted to leave him and go into prostitution.

That I went to sleep in a Senator’s house with our daughter, Fife. My mouth was left open when he told me.”

Reflecting on the fallout, Odusanya shared that her ex-husband later realised he should not have listened to the hearsay that contributed to their marital strain.

Advertisement

“My ex later realized that he shouldn’t have listened to the things he heard back then,” she said, emphasising the impact of gossip on their relationship.

To refute the false claims, Odusanya revealed that she provided evidence of her whereabouts through a video recording.

“I sent him a picture of where I was. God gave me grace because I did a video recording of the time and date on my phone. I recorded it when we got to where we would sleep,” she explained.

The emotional toll of their separation was profound for Odusanya, who admitted to feeling lost and financially unstable.

“I had nothing when we separated; all my jewelry was taken away, and I fainted. I was wondering where to start. I cried so much that day because I didn’t have up to N10,000 in my account, but I decided this was it. No money to get accommodation,” she recalled.

Advertisement

Odusanya’s revelations shed light on the complexities of her personal life and the challenges many face in the wake of a relationship breakdown.

Her honesty and vulnerability resonate with many, highlighting the impact of external influences and false accusations on personal relationships.

As she navigates this difficult chapter, Ronke Odusanya continues to focus on her career and well-being, reaffirming her resilience in the face of adversity.

Advertisement
Continue Reading

celebrities

Nigerian crossdresser Bobrisky flees country after EFCC custody release

Published

on

Bobrisky EFCC release

Bobrisky has left Nigeria after being released from EFCC custody, following two previous attempts to flee the country.

 

Controversial Nigerian crossdresser Bobrisky has left the country just hours after being released from the custody of the Economic and Financial Crimes Commission (EFCC).

In a series of posts shared on his Instagram story on Monday morning, Bobrisky announced his departure, stating, “See u soon Nigeria. Dis girl bought a first-class ticket 3 times that is over 30 million. Raise bar for dis girl.”

 

Advertisement

Also read: “Bobrisky’s male genital organs remain intact” – NCoS reveals

 

This marks Bobrisky’s successful exit from Nigeria following two failed attempts to flee the country. , the crossdresser was re-arrested last week at Murtala Mohammed International Airport in Lagos by EFCC officials while preparing to board a flight to London.

This arrest came just days after he was initially detained by the Nigeria Immigration Service (NIS) at the Seme border while trying to leave Nigeria.

Bobrisky, whose real name is Idris Okuneye, has been under investigation after an audio recording surfaced on social media in which he allegedly claimed to have bribed EFCC officers with a sum of 15 million naira.

The investigation into these claims has heightened scrutiny on the social media personality, known for his extravagant lifestyle and controversial public persona.

Advertisement

Despite the legal challenges and the scrutiny he faces, Bobrisky’s departure has generated significant buzz on social media, with fans and critics alike reacting to his announcement.

The crossdresser has a reputation for making headlines, often through his bold statements and luxurious lifestyle, which he frequently shares online.

As Bobrisky begins this new chapter abroad, the circumstances surrounding his departure and the ongoing investigation by the EFCC continue to be the subject of public interest and speculation.

Advertisement
Continue Reading

celebrities

Legendary music producer Quincy Jones passes away at 91, leaving an indelible legacy

Published

on

Quincy Jones legacy

Quincy Jones, a legendary producer, composer, and humanitarian, has passed at 91, leaving an enduring legacy in music and entertainment history.

 

 

Quincy Delight Jones, an iconic American record and television producer, has passed away at 91, marking the end of an extraordinary 70-year career that reshaped the music and entertainment industry.

Jones’ publicist, Arnold Robinson, confirmed the sad news, stating that the acclaimed producer died peacefully at his Bel Air home in Los Angeles, surrounded by family.

Advertisement

 

Also read: Veteran nollywood actor Charles Olumo, known as Agbako, passes away at 102

 

“Tonight, with full but broken hearts, we must share the news of our father and brother Quincy Jones’ passing,” Jones’ family shared. “

And although this is an incredible loss for our family, we celebrate the great life that he lived and know there will never be another like him.”

Jones was instrumental in producing groundbreaking music, especially through collaborations with some of the industry’s greatest names, including Michael Jackson, Frank Sinatra, Ray Charles, and Will Smith.

Advertisement

His legendary work on Jackson’s *Thriller* album propelled the album to global success, selling over 20 million copies in its first year and remaining one of the best-selling records of all time

As a composer and songwriter, Jones also oversaw the all-star charity single *We Are the World*, bringing together top musicians in support of humanitarian aid in 1985.

A pioneer for African Americans in entertainment, Jones made history in 1968 as the first African American to receive an Academy Award nomination for Best Original Song for *The Eyes of Love* from the film *Banning*.

In 1971, he broke further barriers as the first African American musical director and conductor of the Academy Awards, where he later received the prestigious Jean Hersholt Humanitarian Award in 1995 for his philanthropic contributions.

Over his extensive career, Quincy Jones earned an impressive 28 Grammy Awards from 80 nominations. In addition, *Time* magazine recognised him as one of the most influential jazz musicians of the 20th century, underscoring his profound impact on the genre and his contributions to bridging musical and cultural divides.

Advertisement

Jones’ achievements extend beyond music, as he was an influential voice for social justice and arts education, advocating tirelessly for equality and diversity within the industry.

His family and fans around the world remember him as an inspirational figure who leaves behind a lasting legacy in music, film, and television.

Quincy Jones’ contributions to the industry were monumental, and his groundbreaking work will continue to inspire future generations. His passing marks the end of an era, but his legacy will resonate for many years to come.

Advertisement
Continue Reading

Trending

%d