Several Yeezy employees are calling out Kanye West for his allegedly toxic workplace environment!
26.10.2022 - 18:47 / perezhilton.com
Adidas is moving forward with selling Yeezy product designs — just not under Kanye West‘s brand name.
Of course, the company terminated their partnership with the rapper following his very public string of disturbing antisemitic comments. But now, it sounds like they’re going to make the most of their product line without him. Business analysts at Morgan Stanley and RBC Capital Markets shared notes with their financial clients about the matter on Tuesday, according to Bloomberg News. In those missives, the analysts explained Adidas will sell their Yeezy-related design ideas without the rapper’s brand name or likeness.
Related: Jewish Teacher Resigns From Donda Academy Following Ye’s Antisemitic Remarks
The news outlet reports Edouard Aubin, an analyst for Morgan Stanley, wrote to his clients:
RBC analyst Piral Dadhania also shared a note with his firm’s clientele indicating Adidas was going to move on it:
That’s… interesting. Obviously, as Dadhania referenced, Adidas knows what it legally has control over. And in their Tuesday morning statement about terminating their partnership with Ye, the company did note they are the “sole owner of all design rights to existing products.” So legally, yeah, it’s theirs. But morally? Is it a good look to push Yeezy-designed (but not Yeezy branded!) products to consumers after the Hurricane rapper’s antisemitic behavior?? Guess we’ll just have to see who ends up buying…
Related: Kanye West Is No Longer A Billionaire!
Another company is stepping back from any connection to Ye, too. Also on Tuesday, Foot Locker announced they have instructed their retail outlets to remove any Yeezy-branded products from their shelves and digital stores:
Welp, another one bites the dust. Reactions,
Several Yeezy employees are calling out Kanye West for his allegedly toxic workplace environment!
Colin Jost and Michael Che were back again to spoof the news on Saturday Night Live’s “Weekend Update” and Kanye West was at the center of the jokes. After many companies severed ties with the rapper following his antisemitic remarks, Jost pointed out that there were some businesses that didn’t need to make a public statement.
Aaron Donald, the defensive player for the Los Angeles Rams, has dropped Kanye West‘s Donda Sports.
Sending a message? Fans believe Harry Styles took a stand against Adidas prior to the sportswear giant cutting ties with Kanye West following the rapper’s anti-Semitic remarks.
As expected, Adidas yesterday formally cut its ties with Kanye West, announcing it was ending production of all the Yeezy branded products it has made via its partnership with the rapper.West’s relationships with some of his business partners in the fashion domain were already deteriorating before his recent spate of controversial and anti-semitic statements.Adidas, which has been working with West since 2013 – with the first trainers under the Adidas Yeezy brand being launched in 2015 – announced it was reviewing its long-standing partnership with the rapper earlier this month.The sportswear firm’s current deal with West was reportedly due to run through to 2026, but yesterday it confirmed it was terminating the partnership with immediate effect. This follows West’s recent claim in a controversial Drink Champs interview that “I can say antisemitic things and Adidas can’t drop me”.“Adidas does not tolerate antisemitism and any other sort of hate speech”, the company said in a statement.
Kanye West is no longer a billionaire.
Another one bites the dust.
In what may be the toughest blow, ego-wise, in the fallout from Kanye West’s antisemitic rants last week, Forbes announced today that the rapper is no longer on its glitzy list of the world’s billionaires. A chief cause for the change was Adidas ending its relationship today with Ye, as he is now known. He had been among the first hip-hop moguls to make the list.
Bye-bye, billionaire status. Kanye West‘s net worth has reportedly dropped significantly since losing his Adidas deal amid his anti-Semitic remarks.
, who now goes by Ye, after the rapper made a series of in an interview on Fox News and on social media. The sportswear giant was under growing pressure to cut ties with the Yeezy founder, whose incendiary comments have been condemned by high-profile figures.
Let’s all say it together — F**KING FINALLY!