After the rapper performed “Villematic” at Dreamville Fest.
The new deal is now believed to see the sale of select non-branded YEEZY sneakers with no new designs to be produced.
The sportswear giant is set to lose more than $1.3 billion USD this year from the end of the YEEZY partnership.
The brand is sitting on a massive backstock of unsold product.
Scrambling to find a way to sell all the shoes.
Seven years after assuming the job.
Adding that his long-time friend and collaborator’s statements have “definitely affected” him.
“There’s no deal in place,” founder Alex Klein confirmed.
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