Ye $25 Million Profit First Day adidas Yeezy Restocks
Despite an extremely public fallout between Ye and his long-time partnership with adidas , the most recent and one of the final releases of YEEZYs still remain at an all-time high in popularity.
Ye’s controversial statements in the media sparked the entire downfall between the artist and many brand deals, most noteably adidas YEEZY. While Ye’s involvement with adidas is no longer a partnership, the deal termination has left adidas with over $500 million USD of YEEZY stock. However, as a compromise, adidas recently announced that it would resume selling YEEZY products. The catch is that the sportswear giant will be donating a portion of the proceeds to international organizations that support the groups that Ye has offended.
Starting yesterday, adidas began rolling out one of three releases to sell off the remaining YEEZY stock. So far, the drop has seen incredible success. According to reports, 682,300 pairs of YEEZYs were released, selling $170.5 million USD in total. Despite the fall out with adidas, Ye still holds a hefty 15% royalty of the YEEZY products sold. That means that with the first release, Ye has made over a quarter of a million — $25,586,250 USD to be exact — from the first release. With just two releases left, Ye is expected to make quite a profit as well. It goes to show that YEEZY sneakers remain a major interest to consumers, despite his antics.
In case you missed it, take a first look at the Nike Air Max 1 ‘86 “World Make.”
Source: HYPEBEAST
