Kanye West risks losing $1bn ‘Yeezy’ deal with Gap as share value collapses after wannabe president’s public meltdown
KANYE West risks losing his $1billion ‘Yeezy’ deal with Gap as the clothing giant’s share value plummeted after the wannabe president’s public meltdown.
Gap's stock plunged by about 7.4 per cent on Monday after the ranting star threatened at his first presidential rally to "walk away" unless he was handed a board position.
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He ranted: “In risk or no risk of losing whatever deal possible, I am not on the board at Adidas.
Aimed at young shoppers, the Yeezy-Gap line will offer items such as hoodies, basics, T-shirts and joggers.
It is expected to appear in Gap stores and on Gap.com in 2021, both parties said last month.
He delivered rambling remarks during his first , South Carolina, where he denounced abortion, and mocked historical figure .
Kanye said the Underground Railroad conductor “never actually freed the slaves, she just had them work for other white people” - comments that drew shouts of opposition from some in the crowd.
He referred to the Bible and Christian teachings multiple times, and broke down in tears at one point while describing how he was nearly aborted by his parents.
“The only thing that can free us is by obeying the rules that were given to us for a promised land,” he said.
“Abortion should be legal because guess what? The law is not by God anyway, so what is legality?”
Kanye also said that while he believes it should be legal, financial incentives to help struggling mothers could be a way to discourage the practice.
“Everybody that has a baby gets a million dollars,” he said as an example.