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 time and started selling off Yeezy stock at wholesale prices.
However, on Tuesday, the firm said it had reached a settlement with Mr West to end 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 need to fight any more," Gulden said on the call about the firm's latest financial results.
The drama with West "belongs to the past", he added.
"When you have conflicts like this, you take provisions and you have legal opinions and there are negotiations and there are settlements being done, and this is the end to it.
"No-one owes anything to anybody anymore. Whatever was is history", he said.
Ending the partnership has left Adidas with Yeezy stock 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.