LONDON (AP) — Adidas has ended its partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks.

Adidas said Tuesday that it would immediately stop production of its line of Yeezy products and stop payments to Ye and his companies. The sportswear company said it was expected to take a hit of up to $246 million to its net income this year from the move.

The move by Adidas comes after Ye was suspended from Twitter and Instagram this month over antisemitic posts that the social networks said violated their policies.

Ye’s talent agency, CAA, has dropped him, and the MRC studio announced Monday that it is shelving a complete documentary about the rapper.

The Balenciaga fashion house cut ties with Ye last week, according to Women’s Wear Daily. 

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