
Adidas plans to sell leftover Yeezy merch and donate proceeds to charity
CBSN
Adidas has spent months trying to decide what to do with $1.2 billion worth of unsold Yeezy brand merchandise that has been piled up in its warehouses.
At one point, the company thought about torching all of it but that option never materialized, CEO Bjørn Gulden said this week.
"Burning is not the solution," he said Thursday during the Adidas annual shareholders' meeting.

Robert Morris, founding pastor of Gateway Church, a megachurch in Southlake, Texas, has been indicted on five counts of lewd or indecent acts with a child, stemming from alleged incidents dating back to the 1980s, the Oklahoma attorney general's office announced Wednesday. We are aware of the actions being taken by the legal authorities in Oklahoma and are grateful for the work of the justice system in holding abusers accountable for their actions. We continue to pray for Cindy Clemishire and her family, for the members and staff of Gateway Church, and for all of those impacted by this terrible situation.