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Skechers USA Inc said on Wednesday its executives escorted Ye, formerly known as Kanye West, out of a Los Angeles corporate office, after the rapper and fashion designer “showed up unannounced and uninvited.”
The footwear maker “has no intention of working with West,” it said in a statement.
Skechers’ comments come a day after sportswear brand Adidas AG ended its partnership with West, following a series of antisemitic comments from the celebrity.
“We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech,” Skechers said.
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Reuters was not immediately able to contact Ye’s representatives for comment.
Apparel company Gap Inc, which terminated its tie-up with West in September, is also taking immediate steps to remove Yeezy Gap products from its stores and shut down YeezyGap.com.
Shares of California-based Skechers were up nearly 1 percent in extended trading, after closing down nearly 10 percent on Wednesday.
The company on Tuesday forecast current-quarter sales below Wall Street estimates after missing third-quarter earnings expectations, dented by higher operating costs and a hit from foreign exchange rates.
By Deborah Sophia; Editor: Shinjini Ganguli
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The German sportswear giant’s partnership with Ye generated $1.7 billion in 2021, accounting for nearly 7 percent of its annual revenue. Now that the company has cut ties with the rapper, will it keep selling Yeezy designs?
