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Adidas says it will sell off Yeezy shoes and donate proceeds to those ‘hurt by Kanye’s statements’
(JTA) – The sportswear giant Adidas has decided to sell off its remaining inventory of sneakers from Kanye West’s Yeezy brand and donate the proceeds to charity.
The decision comes roughly seven months after Adidas cut ties with West in the face of mounting pressure due to his stream of antisemitic comments. Adidas’ sales of the rapper’s sneakers had accounted for 10% of the company’s annual revenue last year, or roughly $2 billion. That decision left Adidas with $1.3 billion of unsold Yeezy inventory in its possession.
During the company’s annual shareholders meeting on Thursday in Germany, where Adidas is based, CEO Bjørn Gulden pledged that the money would go “to the organizations that are helping us and that were also hurt by Kanye’s statements.”
Gulden did not elaborate on which organizations the proceeds would be directed to, nor if any of them would go to Jewish or anti-hate groups. In response to a Jewish Telegraphic Agency request for comment, Adidas shared Gulden’s comments from the board meeting but did not say which charities it would be donating Yeezy sales to.
Jews were the target of West’s comments last fall. West, who now goes by Ye, promised to “go death con 3 on Jewish people,” professed admiration for Hitler and bragged that he could say antisemitic comments and Adidas would not drop him. In November, the rapper dined with former President Donald Trump and Nick Fuentes, a prominent antisemite, at Trump’s Mar-a-Lago resort in Florida.
Following his comments, statements such as “Kanye Was Right” became a rallying cry for antisemites. According to the Anti-Defamation League, 59 antisemitic incidents that took place from October 11 through the end of 2022 directly referenced West.
Shortly after dropping West, Adidas — which was founded by Nazi Party members — announced a $1 million, four-year partnership with the ADL designed to educate athletes about antisemitism and other forms of bigotry.
The ADL praised Adidas’ plans but told JTA that the company hasn’t said if the ADL will receive a donation from the Yeezy sales. The organization added that it was not advising Adidas on where to direct the sale proceeds.
“This is a thoughtful and caring resolution for the unsold merchandise,” ADL CEO Jonathan Greenblatt said in a statement. “Ye’s antisemitic remarks and abhorrent behavior have resulted in real-world acts of antisemitic hate. Any attempt to turn the consequences of his actions into something that ultimately benefits society and the people he has hurt is most welcome.”
Adidas had agonized for months over how to deal with the Yeezy merchandise, at one point considering simply burning it. That idea was nixed by Gulden on Thursday. “Burning is not the solution,” he told shareholders.
But the company’s Yeezy woes aren’t over yet. Adidas still faces a lawsuit from investors who allege executives knew about West’s “extreme behavior” for years and didn’t end their partnership quickly enough. Last year, amid West’s antisemitic comments, reports emerged that West had openly admired Hitler for years and wanted to name one of his albums after him.
As for West himself, he recently announced that he no longer hated Jewish people after watching Jewish actor Jonah Hill in the 2012 comedy film “21 Jump Street.”
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US Issues Sanctions Related to Iran and Venezuela Weapons Trade
A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, Jan. 20, 2023. Photo: REUTERS/Kevin Lamarque
The US Treasury said on Tuesday it has added 10 individuals and entities based in Iran and Venezuela to its sanctions list, citing their aggressive weapons program.
The US Treasury has designated Venezuela-based Empresa Aeronautica Nacional SA and its chair, Jose Jesus Urdaneta Gonzalez, who it said have contributed to Iran‘s trade of unmanned aerial vehicle (UAV), or drones, with Venezuela.
“Urdaneta, on behalf of EANSA, has coordinated with members and representatives of the Venezuelan and Iranian armed forces on the production of UAVs in Venezuela,” Treasury said in a statement.
“We will continue to take swift action to deprive those who enable Iran’s military-industrial complex access to the US financial system,” said John Hurley, the department’s undersecretary for terrorism and financial intelligence.
The US has ramped up pressure on Venezuela in recent months, executing a large-scale military buildup in the southern Caribbean. It has also sanctioned family members and associates of Venezuelan President Nicolas Maduro and his wife.
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Spain Exempts Airbus From Israeli Tech Ban
Airbus logo is seen in this illustration taken, March 10, 2025. Photo: REUTERS/Dado Ruvic/Illustration
Spain has granted Airbus exceptional permission to produce aircraft and drones using Israeli technology at its Spanish plants even though it banned military and dual-use products from Israel two months ago over its war against Hamas terrorists in Gaza.
Approved last Tuesday by the cabinet and defended by several ministers this week, the exemption reflects the pressure from companies and domestic interests that some of Europe’s toughest critics of Israel’s recent war have faced as they attempt to impose trade sanctions.
It also risks increasing tensions within the ruling coalition between the Socialists and their hard-left partner Sumar when the government is already weakened by internal disputes and scandals over corruption and accusations of sexual harassment.
Neither Airbus nor the defense ministry was immediately available for comment.
SPANISH MEASURES ON ISRAEL WERE PASSED IN SEPTEMBER
Spain in September passed a law to take “urgent measures to stop the genocide in Gaza,” banning trade in defense material and dual-use products from Israel, as well as imports and advertising of products originating from Israeli settlements.
Its consumer ministry on Tuesday ordered seven tourist accommodation websites to remove 138 advertisements for holiday homes in Palestinian territories or face the threat of sanctions in Spain.
Spain has already blocked 200 attempts to buy material linked to Israel, its digital transformation minister Oscar Lopez told national broadcaster TVE on Tuesday.
Airbus, which employs about 14,000 people in Spain and accounts for 60% of its air and defense exports, was granted the first exception in a cabinet meeting last week, written minutes showed, citing the “great industrial and export potential” of its aircraft “considered essential … for preserving thousands of highly skilled jobs in Spain.”
The European aerospace company produces its A400M and C295 transport planes, an A330 MRTT refueling aircraft and SIRTAP surveillance drones at its sites in Madrid and Seville, all using Israeli technology.
The company is working with Spain‘s Ministry of Defense on a “plan to disconnect from Israeli technology,” according to the minutes published last Tuesday, which did not provide further details.
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Syria Imposes Curfew in Latakia Days After Protests Turn Violent, State Media Reports
Members of the Syrian Security forces stand guard near military vehicles on the day people from the Alawite sect protest as they demand federalism and an end to what they say is the killing and violations against Alawites, in Latakia, Syria, Dec. 28, 2025. Photo: REUTERS/Karam al-Masri
Syrian security forces imposed a curfew on Latakia city, a bastion of the country’s Alawite minority, state media reported on Tuesday, days after four people were killed in protests that spiraled into violence.
Syria has been rocked by several episodes of sectarian bloodshed since longtime leader Bashar al-Assad, who hails from the Muslim Alawite community, was ousted by a rebel offensive last year and replaced by a Sunni-led government.
State media said the curfew was set to last from 5 pm (1400 GMT) on Tuesday until 6 am (0300 GMT) on Wednesday.
Security forces reinforced their deployment in a number of neighborhoods in Latakia city on the Mediterranean coast, which witnessed riots on Monday that injured about a dozen people.
Thousands of Alawite protesters gathered on Sunday in Azhari Square in Latakia city to demand a decentralized political system in Syria and the release of thousands of Alawite prisoners.
A similar protest in November lasted barely an hour before being confronted by a rival protest in support of Syria‘s new government. Syrian security forces used gunfire to break up both.