Adidas has ended its “fight” with Kanye West over antisemitic comments he made in 2022, which scuppered the sports brand and US rapper’s “Yeezy” collaboration.

Adidas discontinued the collection at the period and started selling off Yeezy distribute at wholesale prices.

However, on Tuesday, the firm said it had reached a settlement with Mr West to complete all legal proceedings between them.

“There [aren’t] any more open issues and there is no… money going either way,” Adidas chief executive Bjorn Gulden said on a conference call.

“There were tensions on many issues [but]… both parties said we don’t require to fight any more,” Gulden said on the call about the firm’s latest monetary results.

The drama with West “belongs to the history”, he added.

“When you have conflicts like this, you receive provisions and you have legal opinions and there are negotiations and there are settlements being done, and this is the complete to it.

“No-one owes anything to anybody anymore. Whatever was is history”, he said.

Ending the collaboration has left Adidas with Yeezy distribute worth around €1.2bn (£840m), with the sports brand selling product in batches and donating the proceeds to NGOs, including its own recently launched anti-discrimination foundation.

The final Yeezy stocks will be sold by the complete of 2024, the corporation said.

The selection to shift on from the “fight” marks a stark contrast to 2022. At the period, Adidas said it does “not tolerate antisemitism and any other sort of despise talk”.

It added: “Ye’s recent comments and actions have been unacceptable, hateful and risky, and they violate the corporation’s values of diversity and inclusion, mutual regard and fairness.”

Adidas and Mr West began collaborating in 2014, which led to a hugely successful sportswear brand.

Demand for Yeezy products did not let up even after the furore, with many Yeezy trainers doing well in the resale economy and selling for hundreds – and sometimes thousands – of pounds.

West had his accounts suspended on Instagram and X (then known as Twitter) when he made a series of antisemitic comments in October 2022.

He repeated the claims in a number of interviews and podcasts, not all of which were aired, over the next two months.

In December that year, Mr West appeared on conspiracy theorist Alex Jones’ display InfoWars where he spoke of his admiration for Adolf Hitler.

The rapper, now separated from celebrity Kim Kardashian, was diagnosed with bipolar disorder years ago and has publicly spoken about his challenges with his mental health.