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Earn Your Leisure

Scholars Corner: Ye & Adidas Reach Agreement to Sell $500 Million Worth of Yeezy Products

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.87.8K Ratings

🗓️ 8 March 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

I'm this Scholars Corner we discuss the deal between Adidas and Kanye West to sell the existing stock worth an estimated $500 million. Is this a good deal for Ye, or Adidas.


#earnyourleisure #ye #kanyewest #adidas



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Transcript

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0:00.0

talk about Adidas and Yay.

0:02.9

We spoke about this a couple weeks ago,

0:05.3

and now more information has come out.

0:06.6

So let's see, appears that Adidas and Yay

0:09.9

have reached an agreement for the remaining,

0:13.5

to sell the remaining inventory that they have

0:16.5

of the Yeezy brand, which is $500,000,000,000

0:20.4

worth of product in Yeezy's.

0:23.2

Is this a win for Kanye or will Adidas ultimately

0:27.5

be manipulated for this favor?

0:29.9

What do you think, because we were talking about this yesterday,

0:31.9

and you made a great point.

0:33.0

It's like, what if they stress this out for a three-year period?

0:36.2

And say, hey, we haven't sold the $500,000,000

0:38.4

worth of inventory, or if they discount it

0:40.6

while he's under this contract.

0:41.7

Yeah, well, the thing about corporate is that,

0:44.2

this is why people do like internal audits.

0:47.9

Because you don't really know, like forensic auditing

0:50.2

on your books and different things, that nature,

0:52.0

because you can make up things, right?

0:53.8

Absolutely.

...

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