Adidas is the latest among a string of companies which have cut ties with the rapper, saying it “does not tolerate antisemitism and any other sort of hate speech”.
Adidas has ended its partnership with Kanye West over “unacceptable, hateful and dangerous” antisemitic posts by the rapper on social media.
In a statement, the German sportswear company said it had taken the decision to “terminate the partnership with Ye immediately”.
The company said: “Adidas does not tolerate antisemitism and any other sort of hate speech. 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.”
Adidas is the latest among a string of companies which have cut ties with the rapper over his offensive posts on social media.
The 45-year-old, who legally changed his name to Ye last year, said he was going to go to “death con 3” on Jewish people and recently suggested slavery was a choice.
Adidas said it will also end the production of Yeezy-branded products and stop all payments to Ye and his companies.
The company had come under increased pressure to cut ties with West given his remarks, with celebrities and others on social media urging Adidas to act.
West has been criticised by his ex-wife Kim Kardashian who said “hate speech is never OK or excusable” and he was recently dropped by talent agency CAA.
Adidas added that ending its partnership will have an expected “short-term negative impact” of up to €250 million on the company’s net income in 2022.
West also attracted criticism for wearing a “White Lives Matter” T-shirt to his Yeezy collection show in Paris.
A completed documentary about West has also been shelved.