Adidas minimize ties with Ye, previously referred to as Kanye West, again in October after the rapper made antisemitic feedback.

Joe Raedle/Getty Images

conceal caption

toggle caption

Joe Raedle/Getty Images

Adidas minimize ties with Ye, previously referred to as Kanye West, again in October after the rapper made antisemitic feedback.

Joe Raedle/Getty Images

More than six months after Adidas minimize ties with Ye, previously referred to as Kanye West, the sportswear large has been gradual to launch a plan on the way it will repurpose the piles of unsold Yeezy merchandise — fueling frustrations amongst buyers.

“We are working on different options,” Adidas CEO Bjorn Gulden stated in an investor’s call on Friday. “The decisions are getting closer and closer.”

Earlier this week, a gaggle of buyers filed a class-action lawsuit towards Adidas, accusing the corporate of realizing about Ye’s problematic conduct years earlier than ending the collaboration. Adidas denies the allegations.

Adidas terminated its partnership with Ye again in October after the rapper made antisemitic feedback. The firm stopped its manufacturing of Yeezy merchandise in addition to funds to Ye and his corporations.

In February, Adidas estimated that the choice to not promote the present merchandise will minimize the corporate’s full-year income by 1.2 billion euros (about $1.28 billion) and its working revenue by 500 million euros ($533 million) this 12 months.

The loss could also be even steeper if the corporate doesn’t work out the way to repurpose the already-made Yeezy merchandise.

For months, buyers have been ready for Adidas to determine the way it will offset the losses.

In an investor’s call in March, Gulden stated he obtained lots of of enterprise proposals, however it was vital to tread rigorously given the tarnished popularity that the product is related to.

“I probably got 500 different business proposals from people who would like to buy the inventory. But again, that will not necessarily be the right thing to do, so a very difficult, sensitive situation,” he stated.

On Friday, Gulden instructed buyers that “there are three, four scenarios that are now building” and the corporate has been in talks with “interesting parties many times.”

He added {that a} repurpose plan may very well be authorized within the “mid-term in the future.”