Adidas Reaches Out-Of-Court Settlement With Kanye West

Dow Jones10-29

By Ulrike Dauer

Adidas said it reached an out-of-court settlement with Kanye West, ending any legal claims connected to the German sportswear company's previous collaboration with the rapper.

In a conference call on company results, Chief Executive Bjorn Gulden said the group reached a settlement with the rapper, known as Ye, and his lawyers during the third quarter. The agreement, which involved no payments, means that neither side has any outstanding claims against the other.

Adidas has been entangled in a dispute with the rapper after deciding to end their collaboration due to the artist's behavior and antisemitic comments. The parties parted ways in 2022 after teaming up in 2013, a split that has weighed on the company's financials.

Write to Ulrike Dauer at ulrike.dauer@wsj.com

(END) Dow Jones Newswires

October 29, 2024 08:43 ET (12:43 GMT)

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