A Japanese company is accusing Kanye West of failing to pay them over $600,000 for fabric he used for his luxury Yeezy sneakers. Click through the gallery for all the info on the lawsuit.
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According to documents obtained by
The Blast, Japanese knitted fabric supplier Toki Sen-I Co. filed a lawsuit against Kanye, 41, and his company Yeezy Apparel, LLC.
Photo credit: INSTARImages
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Toki Sen-I says they first got into business with the “Runaway” rapper in 2015 and that they were promptly paid for this work.
Photo credit: INSTARImages
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But all that changed in 2018. Kanye placed a large order for fleece, which immediately went into production. The Japanese company asked for a down payment on the fabric. When they didn’t get it immediately, they trusted Kanye to pay up because of their past history.
Photo credit: MEGA
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The company claims they’re owed $624,051. They also say they’ve offered numerous payment plans, but have received no response.
Photo credit: MEGA
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They also allege in the documents that Kanye’s company, Yeezy Apparel, is a “shell” and a “sham.” They say it doesn’t have capital assets or member interest, and that Kanye runs it so that he can’t be personally liable for the business decisions.
Photo credit: MEGA
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Yeezy fans will have to wait and see how the company responds and if they have to pay up. The shoes retail at $200 a pair and are released in limited drops, making them infamously difficult to purchase.
Photo credit: MEGA
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What do you think of Kanye’s lawsuit? Sound off in the comments!
Photo credit: Getty Images
According to documents obtained by
The Blast, Japanese knitted fabric supplier Toki Sen-I Co. filed a lawsuit against Kanye, 41, and his company Yeezy Apparel, LLC.
Photo credit: INSTARImages
Toki Sen-I says they first got into business with the “Runaway” rapper in 2015 and that they were promptly paid for this work.
Photo credit: INSTARImages
But all that changed in 2018. Kanye placed a large order for fleece, which immediately went into production. The Japanese company asked for a down payment on the fabric. When they didn’t get it immediately, they trusted Kanye to pay up because of their past history.
The company claims they’re owed $624,051. They also say they’ve offered numerous payment plans, but have received no response.
They also allege in the documents that Kanye’s company, Yeezy Apparel, is a “shell” and a “sham.” They say it doesn’t have capital assets or member interest, and that Kanye runs it so that he can’t be personally liable for the business decisions.
Yeezy fans will have to wait and see how the company responds and if they have to pay up. The shoes retail at $200 a pair and are released in limited drops, making them infamously difficult to purchase.
What do you think of Kanye’s lawsuit? Sound off in the comments!
Photo credit: Getty Images
