Stock Market News

Kanye West seeks to cut ties with apparel chain Gap – WSJ

2022.09.15 10:07

[ad_1]


© Reuters. FILE PHOTO: Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. REUTERS/Allison Joyce

(Reuters) – Lawyers for Kanye West sent a letter to Gap Inc (NYSE:) notifying the apparel chain that the rapper was terminating his partnership with the company, the Wall Street Journal reported on Thursday.

Gap breached its agreement with West by not opening retail outlets and releasing apparel as promised, according to the report, which added the company would still be able to sell existing Yeezy Gap products before ceasing to use the brand name.

Ties between the rapper and the clothing company have been increasingly strained recently, with West taking to social media to threaten to walk away from the brand earlier this month. (

Gap did not immediately respond to a Reuters request for comment, while representatives for West could not be immediately reached.

Gap shares fell about 4% to $9 in premarket trading.

West and Gap signed a 10-year deal in 2020 to create a line of clothing under the Yeezy Gap brand.

[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 95,816.67 0.78%
ethereum
Ethereum (ETH) $ 2,801.01 1.13%
xrp
XRP (XRP) $ 2.55 0.89%
tether
Tether (USDT) $ 1.00 0.01%
bnb
BNB (BNB) $ 653.57 2.73%
solana
Solana (SOL) $ 167.36 2.82%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.241127 2.07%
cardano
Cardano (ADA) $ 0.766018 1.03%
staked-ether
Lido Staked Ether (STETH) $ 2,794.47 1.25%
tron
TRON (TRX) $ 0.244969 3.20%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,553.60 0.86%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,343.98 1.10%
chainlink
Chainlink (LINK) $ 17.49 1.65%
sui
Sui (SUI) $ 3.32 2.44%
avalanche-2
Avalanche (AVAX) $ 24.63 4.61%
stellar
Stellar (XLM) $ 0.330004 1.70%
litecoin
Litecoin (LTC) $ 128.52 1.77%
the-open-network
Toncoin (TON) $ 3.76 1.88%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 1.41%
leo-token
LEO Token (LEO) $ 9.77 0.55%
hedera-hashgraph
Hedera (HBAR) $ 0.208955 3.31%
usds
USDS (USDS) $ 1.00 0.05%
mantra-dao
MANTRA (OM) $ 8.49 11.57%
weth
WETH (WETH) $ 2,799.73 1.12%
hyperliquid
Hyperliquid (HYPE) $ 23.40 6.08%
polkadot
Polkadot (DOT) $ 4.94 2.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 325.36 1.04%
bitget-token
Bitget Token (BGB) $ 4.98 1.43%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,967.56 1.07%
uniswap
Uniswap (UNI) $ 8.99 0.58%
monero
Monero (XMR) $ 234.77 0.28%
near
NEAR Protocol (NEAR) $ 3.44 1.01%
whitebit
WhiteBIT Coin (WBT) $ 27.50 0.14%
pepe
Pepe (PEPE) $ 0.000009 3.61%
aave
Aave (AAVE) $ 245.44 0.83%
bittensor
Bittensor (TAO) $ 430.13 0.20%
aptos
Aptos (APT) $ 6.08 0.40%
ondo-finance
Ondo (ONDO) $ 1.13 3.06%
dai
Dai (DAI) $ 1.00 0.01%
internet-computer
Internet Computer (ICP) $ 7.02 2.26%
official-trump
Official Trump (TRUMP) $ 15.96 2.58%
ethereum-classic
Ethereum Classic (ETC) $ 20.57 0.28%
mantle
Mantle (MNT) $ 0.905043 0.73%
tokenize-xchange
Tokenize Xchange (TKX) $ 38.01 0.44%
okb
OKB (OKB) $ 49.04 0.79%
gatechain-token
Gate (GT) $ 23.15 1.34%
susds
sUSDS (SUSDS) $ 1.04 0.03%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 95,696.64 0.90%