Gap Shares Fall Nearly 6% After Kanye West Threatens To ‘Walk Away’ From ‘Yeezy Gap’ Deal

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'I am not on the board at Gap. And that has to change today or I walk away,' West said.

At his first presidential campaign rally on Sunday, Kanye West threatened to “walk away” from the lucrative deals his fashion brand Yeezy has with Adidas and Gap Inc., causing Gap Inc.’s shares to fall nearly 6% on Monday. West covered a wide variety of topics at the rally in South Carolina, including the lack of representation of Black people on boards, andGap Inc.’sWhen news broke on June 26 about the “Yeezy Gap” collaboration, set to be in stores and online in 2021, Gap Inc.

Under the terms of the deal, West maintains sole ownership of the Yeezy brand, which pulled in an estimatedIt is unclear if West can actually “walk away.”"Risk or no risk of losing whatever deal possible, I am not on the board at Adidas. I am not on the board at Gap. And that has to change today or I walk away,” West said. By 2031, that’s how much Gap Inc.

 

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Stocks fell because Kanye is associated with GAP. Kanye will ruin GAP. He is a deranged person and the public is disgusted by him

i recall when kim bought him a car thast started it all/fireworks

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