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http://www.marketwatch.com/story/adidas-set-to-boost-partnership-with-kanye-west-2016-06-29Adidas is expected to announce Wednesday that it is expanding its partnership with Mr. West to include performance gear and a new line of co-branded retail stores. The German company is trying to boost sales, particularly in the U.S., where it has lagged far behind rival Nike Inc., by bringing the Grammy winner's designs to the mass market.
Adidas said it would separate the Adidas + Kanye West line into its own business unit. It will have dedicated staff based at the company's U.S. headquarters in Portland, Ore., similar to Nike's line for basketball star Michael Jordan. Financial terms of the partnership weren't disclosed.
Last year, Adidas introduced apparel and high-end sneakers designed by Mr. West in limited quantities -- notably $350 gray suede high-tops called the Yeezy Boost 750 that have been selling for thousands of dollars on the secondary market. The company declined to provide sales figures for the Yeezys, though Adidas's share of the more than $1 billion secondary market jumped from 1% to 30% since the shoes were introduced in February 2015, according to market tracker StockX, formerly known as Campless.
"Our industry is so ready for disruption, the same signature lines have X player, Y player, Z player, so of course we're going to have Kanye work with our guys to challenge that as well," said Eric Liedtke, chief marketing officer for Adidas.
Mr. West said he played football, basketball, tennis and volleyball in high school, but that singing and performing are also athletic. "I'm not just a musician singing in front of a mic, we are running, jumping, we're getting hurt," he said. "We're in the same arenas that the ballplayers play in.
http://hypebeast.com/2016/6/kanye-w...edium=commissionjunction&utm_campaign=VigLink