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In an ongoing feud with adidas and Gap, Kanye “Ye” West continues to share the details of the disagreements on his Instagram. After terminating his deal with Gap last week and vowing to go solo, Ye has decided to renegotiate with adidas.
The YEEZY Founder and Creative Director shared communications sent to Torben Schumacher, SVP, Global General Manager for adidas Originals, and Basketball & Partnerships at adidas. In the screenshots, Ye expressed that he would be willing to work with adidas as a non-exclusive manufacturing and distribution partner. If adidas agrees to the offer, they would receive a royalty of 20% of net profits from sales generated from YEEZY.
As for now, there’s been no confirmation from Ye or Torben Schumacher as to whether or not the terms have been accepted. We will continue to update as the story develops.
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