Photo: Getty Images North America
Good news, you’ll still be able to get Yeezys, but they will be named something different, according to Adidas.
The German sportswear brand says they are the “sole owner” of certain colorways and designs that they plan on releasing next year. They have yet to share the new name of the shoes.
Adidas stated that next year's elimination of brand royalties and marketing expenses would reduce the breakup's effects. Despite worldwide economic woes, Adidas reported a third-quarter revenue increase of 11 percent to over five billion on Wednesday.
Bjorn Gulden replaces Kasper Rorsted as CEO, who leaves the firm on November 11th.