On June 28, 2016, Kanye West attended an event announcing a collaboration with Adidas in Hollywood, California.
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adidas The sportswear brand said on Tuesday it had reached an out-of-court settlement with rapper Ye, ending all legal proceedings between them, adding that no money changed hands in the agreement.
Adidas and Ye have been embroiled in multiple lawsuits over the past two years, with the German company terminating its partnership with the rapper over his anti-Semitic comments.
Chief Executive Bjorn Gulden told reporters on a conference call: “There are no longer any outstanding issues and … there is no funding on either side and we will both move forward.” He declined to disclose the details. More details on the deal.
“There were tensions on a lot of issues, and … when you put the claims on the right and you put the claims on the left, both sides said we don’t need to fight anymore and withdrew all the claims,” Goulden Extra.
