Gap shares fall after Kanye West threatens to walk away from Yeezy-Gap deal unless he is made a board member

Posted by E.L.E.X on July 21 2020 under Celebrities









American clothing company, Gap's stock fell nearly 6% on Monday July 20,  following rapper Kanye West's comments he made at a public event Sunday criticizing Gap and Adidas.

 

In videos shared on social media, West could be seen criticizing GAP and Adidas, another apparel company his Yeezy brand partnered with, saying he would leave both companies unless he is made a board member.

 

West said he was not on either company's board. "That has to change today or I walk away," he said.

 

Neither Gap nor Adidas has responded to Kanye's comments. 

 

Gap, announced a 10-year partnership with Yeezy last month for a new line of clothes that are "modern, elevated basics for men, women and kids at accessible price points" 

 

The initial announcement made by Gap and Kanye West sent Gap's shares soaring nearly 19% on June 26.

 

West has had great success in the fashion space, with his Yeezy company now worth 3 billion dollars.


He was certified as a billionaire by Forbes this year.




YOU MAY ALSO LIKE

Related Posts Pictures

Goodluck is a terrible guy and a big time scammer - Bobrisky narrates what happened between him and Instagram user he promised to help (video)

Related Posts Pictures

Burna Boy Brags About His Grammy Award Again saying “No Be Pride, I Just Be Gorilla”

Related Posts Pictures

Can You Believe Daddy Freeze of all people, Mr. Righteousness was busy knacking another man’s wife to the point of getting her pregnant, Hypocrite sha!

Related Posts Pictures

Bobrisky Reveals How Much Ibidun Ajayi-ighodalo’s Death Affected Him

Related Posts Pictures

Days After Trolls Tagged Her Daughter “Ugly”, T-boss Shares New Adorable Pictures With Her Little Princess(Photos)

Comments


Add Comment

All fields are required!








Contact Us Picture

Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ elextechnologies4@gmail.com | Call us @ 08132021949 | Message us via whatsapp @ 08132021949