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

BBNaija: You Know Me During The Night And Pretend You Don’t Know Me During Daytime – Praise To Ka3na

#BBNaija: Ozo gives Nnegi an erotic lap dance in front of other housemates (video)

Incredible! Disability Is Not An Inability; Watch Visually Impaired Singer, Cobhams Asuquo Wash His Car

DO YOU AGREE? Cynthia Morgan Should Use Her Newly Found Fame To Write A Book Instead Of Releasing Song – Akin Alabi

UPCOMING ARTISTES! The Most Important Lesson You Should Learn From Brymo’s Twitter Dragging

Comments

Add Comment

All fields are required!