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

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Gap Inc.’s shares fell nearly 6% after Kanye West threatened to 'walk away' from the ‘Yeezy Gap’ deal

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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If we can muteRkelly then we can mutekanyewest

What does he care as long as he's getting paid.....

Modern day Pablo. Which one?

Let's get real real here...!! This is the same guy a few days ago that was diagnosed of bipolar disorder by the American people?

No one should have all that power!!

Reasons like this, as well as his very obvious mental illness are why he should never get into politics.

Kan ye split the vote brother. Trump will win overwhelmingly. LOL

WTF was that speech , run don’t walk

The Kardashians need to slip his pills into his cereals.

Is Kanye a little...unstable?

Old Navy carries the brand-family revenue anyway.

😂 Good 🤮

Why are they dealing with him anyway?!🙄

Let him walk away. He needs to see a psychiatrist.

'Modern' companies place too much importance on IMAGE / swarm around celebrities as some sellOut power-houses, so, it may ruin them, easily... UNLESS, they are bubbles in themselves IF a bare opinion or a slyly and/or cheekily phrased comment may burst them... RestoreReality ;)

Gap brand will still be fire. I have selvedge denim to pajama pants from them.

Hope all is well kanyewest

It began falling once he announced the deal 😒

Steer clear of that clown.

If you’re a retailer relying on a guy like Kanye for your future it’s all over

It’s not the 90’s, so no one is rocking GAP and they aren’t about to start because of Yeezy. 85% of that 6% drop is jittery market investors with no sense of the brand beyond “Yeezy’s involved”.

Dump the creep.

Truly a banana republic....

Dude's a freak, man

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Gap Shares Fall Nearly 6% After Kanye West Threatens To ‘Walk Away’ From ‘Yeezy Gap’ Deal'I am not on the board at Gap. And that has to change today or I walk away,' West said. i recall when kim bought him a car thast started it all/fireworks Stocks fell because Kanye is associated with GAP. Kanye will ruin GAP. He is a deranged person and the public is disgusted by him
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