GAP shares fall 6% following Kanye West threat to walk away from partnership deal

Following a series of tweets in which Kanye West threatened to walk away from his GAP deal, the company’s shares fell.

Kanye West has not been himself this past few weeks beginning from 4 July when he announced that he would be running for the president of United States.

It all came to a head today, 21 July, when, in a series of tweets, Kanye called out Kim and Kris Jenner, comparing his situation to that of the movie, Get Out.

At a public event on Sunday, 19 July, Kanye West very vocally criticized Adidas and Gap, both of who he has partnership deals with, and threatened to leave both companies.

In the videos shared on social media, Kanye West said that he would exit their partnership unless he is made a board member at both companies.

“That has to change today or I walk away,” he said.

As a result of his statement, GAP’s stock fell by 6% where it previously rose by 19% after news of their partnership was announced.

Kanye West and GAP announced the partnership earlier last month for a new line of clothes that are “modern, elevated basics for men, women and kids at accessible price points”.

Nigerian designer, Mowalola Ogunlesi was appointed design director for the partnership.

Photo of author

About The Author

Sidomex

16 thoughts on “GAP shares fall 6% following Kanye West threat to walk away from partnership deal”

  1. Pingback: ?????????????
  2. Pingback: go right here
  3. Pingback: right here
  4. Pingback: more info here
  5. Pingback: ???20???100
  6. Pingback: voir
  7. Pingback: cliquez pour plus
  8. Pingback: sbobet
  9. Pingback: Online businesses
  10. Pingback: sbo
  11. Pingback: ????????
  12. Pingback: rent boats Miami
  13. Pingback: sbo
  14. Pingback: maxbet

Leave a Comment

Sidomex-Entertainment

SidomexEntertainment is your one-stop-shop for news, entertainment, fashion, music, sports and lifestyle. We provide you with the latest breaking news and videos straight from the entertainment industry.

Follow Us
%d bloggers like this: