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Kanye West’s Yeezy To End Gap Deal Over Alleged Contract Violations

2022-09-15 2 Dailymotion

Kanye West’s Yeezy To End Gap Deal , Over Alleged Contract Violations.<br />Kanye West’s Yeezy To End Gap Deal , Over Alleged Contract Violations.<br />CNBC reports that according to a letter shared by Ye's lawyer, the rapper and entrepreneur is ending his contract with Gap.<br />The letter claims Gap violated its contract <br />agreements by distributing Yeezy products and opening dedicated Yeezy Gap stores without West's authorization. .<br />West's lawyer said, “Yeezy notified Gap of its concerns in August and gave the company a contractually-designated <br />30 days to cure its breaches,” but the retailer took no action.<br />West's lawyer said, “Yeezy notified Gap of its concerns in August and gave the company a contractually-designated <br />30 days to cure its breaches,” but the retailer took no action.<br />Ye will now promptly move forward to make up for lost time by opening Yeezy retail stores, Nicholas Gravante, Kanye West's lawyer, to CNBC.<br />The Gap-Yeezy partnership, which was announced in June 2020, was supposed to continue through 2026.<br />The first product launched by the <br />partnership in June 2021 was a blue puffer <br />jacket that sold out within hours.<br />The team-up was predicted to garner <br />$1 billion in its first year, but Gap has experienced declining sales. .<br />The company's <br />CEO left in July. .<br />In a recent interview with 'Bloomberg,' <br />West said it's “time for me to go it alone.”.<br />I made the companies money. <br />The companies made me money. We created ideas that will change apparel forever. <br />Like the round jacket, the foam runner, the slides that have changed the shoe industry. , Kanye West, via 'Bloomberg'.<br />Now it’s time for Ye to make the new industry. No more companies standing in between me and the audience, Kanye West, via 'Bloomberg'

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