Adidas may write off remaining unsold Yeezy shoes after break-up with Ye

Adidas forecast it may have to write off the remaining Yeezy shoes left unsold (AP)

Adidas believes it may have to write off the remaining 300 million euro (£260 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.

The company said it will decide in the coming weeks whether or not to go ahead with a third release of the shoes next year to generate more donations to groups fighting antisemitism.