Adidas ends partnership with Kanye West, aka Ye, over antisemitic remarks

Brands break with Kanye West

Forbes is estimating that Kanye West is no longer a billionaire after Adidas, The Gap, and other brands broke business ties with him after his latest anti-Semitic rant.

NEW YORK - Adidas has ended its partnership with rapper Kanye West over his offensive and antisemitic remarks. West uses the name Ye now.

"Adidas does not tolerate antisemitism and any other sort of hate speech," the company said in a statement Tuesday. "Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.

It comes after the German sportswear company faced pressure to cut ties with Ye, with celebrities and others on social media urging Adidas to act. The company said at the beginning of the month that it was placing its lucrative sneaker deal with the rapper under review.

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Adidas dumps Kanye West

Adidas has ended its partnership with Ye, formerly known as Kanye West, over his offensive and antisemitic remarks.

Adidas is just the latest company to end connections with Ye, who also has been suspended from Twitter and Instagram over antisemitic posts that the social networks said violated their policies.

He recently suggested slavery was a choice and called the COVID-19 vaccine the "mark of the beast," among other comments. He was also criticized for wearing a "White Lives Matter" T-shirt to his Yeezy collection show in Paris.

Ye’s talent agency, CAA, dropped him, and the MRC studio announced Monday that it is shelving a complete documentary about him.

The Balenciaga fashion house reportedly cut ties with Ye last week.

JPMorganChase and Ye have ended their business relationship, although the banking breakup was in the works even before Ye’s antisemitic comments.

In recent weeks, Ye has also ended his company's association with Gap and has told Bloomberg that he plans to cut ties with his corporate suppliers.

After he was suspended from Twitter and Facebook, Ye offered to buy conservative social network Parler.

Demonstrators on a Los Angeles overpass Saturday unfurled a banner praising Ye's antisemitic comments, prompting an outcry on social media as celebrities and others said they stand with Jewish people.

With the Associated Press.