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Adidas to Sell $1 Billion in Yeezy Sneakers, Donate Proceeds

The money will go to anti-hate organizations.

A pair of Yeezy sneakers worn by a model

Lucas Jackson / Reuters

In what might prove to be the weirdest sneaker drop of 2023, Adidas has announced plans to release the Yeezy line and donate the proceeds to anti-hate causes. Kanye West’s off-the-rails antisemitic remarks and the termination of his deal with Adidas put $1 billion worth of stock in limbo, the Associated Press reported. Adidas said the sale will benefit Anti-Defamation League, the Philonise & Keeta Floyd Institute for Social Change, and other groups.

Read it at The Associated Press

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