Kanye West Says Adidas Offered $1 Billion Buyout From Yeezy Venture
The artist, who now goes by simply Ye, said Adidas had been designing Yeezy products without his participation in a slew of venomous Instagram posts targeting the German sportswear brand’s managers. “It’s going to cost you billions,” he said.
In a partnership with resale service provider Reflaunt, the global logistics giant now offers a fulfilment, shipping and platforming solution for brand clients interested in entering the secondhand space.
The Golden State Warriors guard is rushing to capitalise on his athletic triumphs by bringing his brand off the court and on to the streets through his partnership with athletic-wear maker Under Armour Inc.
While GU, with slightly lower prices than Uniqlo and clothes aimed at younger clientele, has a solid presence in Japan, it’s less known in other major markets. Building its presence abroad is part of Fast Retailing founder Tadashi Yanai’s push to “become a true global player,” by first doubling annual profit to ¥5 trillion within a few years.