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Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye

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FILE - Yeezy shoes made by Adidas are displayed at Laced Up, a sneaker resale store, in Paramus, N.J., on Oct. 25, 2022. Adidas is releasing a second batch of high-end Yeezy sneakers after cutting ties with rapper Ye, formerly known as Kanye West, as the shoemaker seeks to unload the unsold shoes while donating to groups fighting antisemitism. The online sale, to start Wednesday Aug. 2, 2023 through the Confirmed app, Adidas app and adidas.com, follows an earlier batch of sales in May. (AP Photo/Seth Wenig, File)

Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company will decide in the coming weeks whether or not to do a third release of the shoes next year to generate more donations to groups fighting antisemitism.

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