The Latest Breaking News from Yeezy

Millions of Yeezy brand shoes worth $1.3bn are in storage as their sale was halted when Adidas cut ties with Kanye West.

This is not a good look for Adidas.

Kanye West's Yeezy has been a lucrative part of Adidas' business until it cut ties with him last year, leaving it with way more shoes than it can sell.

€1.2bn worth of footwear in storage since company cut ties with Kanye West after his antisemitic remarks

Investors have been asking for Adidas' plan to repurpose unsold Yeezy products for months. On Friday, the company said it would likely settle on a plan in the "mid-term."

Seven months after cutting ties with the rapper, Adidas is sitting on a $1.3 billion pile of unsold shoes.

Adidas saw operating earnings dwindle in the first three months of the year as the German sportswear company’s breakup with the rapper formerly known as Kanye West and his popular Yeezy shoe brand cost it $441 million in lost sales

Along with Kanye West suing his ex-business partner, the rapper is tied to a lawsuit Adidas shareholders are filing against the sportswear company.

Investors claim sportswear giant failed to minimise their exposure to risk after the rapper and designer’s antisemitic comments led to a sharp decline in the share price

Kanye looked different after being spotted out and about in LA rocking a full beard and a completely shaved head

Controversial rapper Kanye West dressed in disguise to sit front row at a fashion show in the week, with the star revealing his identity when he danced to his own song