Yeezy Gap. Kanye West Signs for multi-year agreement to sell clothing line in Gap

Yeezy Gap. Kanye West Signs for multi-year agreement to sell clothing line in Gap

fashion brand Kanye West Yeezy’s Gap. The rapper and designers will be on a new clothing line with Gap Inc. Teaming for men, women and children Yeezy called Gap. The products are expected to debut in stores and online next year, the company said in a statement. The agreement is a multi-year partnership, according to a spokesman Yeezy. West has been in the forefront in Wyoming to work based Gap San Francisco ranch of his trip, which is still in its development stage, the spokesman said. The line will not include footwear, a market that is already working in the Yeezy with Adidas AG. The arrangement will exhibit Western luxury brand to a broader market, while allowing Gap capitalize on the latest growth Yeezy. Mark Breitbard, global head of the Gap brand, said in the statement that the new line would build on “the aesthetics and the success” of the Yeezy brand. Gap could use a lift, as they struggle with a difficult turnaround effort. In January, calling it a plan to separate its brand Old Navy from the rest of society. In the last quarter net sales fell 50%, as they struggle to cope with extended store closures due to the pandemic. West’s compensation is tied to sales and its business earns royalties and potential of equity under the terms of the transaction. West, worked at a Gap store as a teenager in Chicago, also has the input presentation in stores and e-commerce site. Last year, Bank of America Corp., the side of the sneaker only Yeezy activity is estimated up to $3000000000, reported Bloomberg. The shoes are manufactured and marketed by Adidas, while to the west the creative control and only retains the title to his brand. Yeezy agreement with Adidas is in place by 2026. The mark on the right path was a year before raising in 2019 increased 50% to $1.3 billion footwear revenue, according to Bank of America.
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