Kanye West: Gap shares fall after rapper threatens to leave deal

Kanye West: Gap shares fall after rapper threatens to leave deal

- Popular American rapper, Kanye West, has left investors feeling uneasy after his comments at an event

- The music star threatened to walk away from his company, Yeezy’s partnership with Gap

- Kanye West’s comments led to a fall in Gap’s stock by nearly 6%

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Kanye West has been in the news a lot recently for controversial reasons.

Just recently, the comments the rapper made at a public event left many of his investors and business partners feeling uneasy and on edge.

Kanye, who recently attended a public event, threatened to walk away from his partnership with Gap. He also criticised another of his business partners, Adidas.

Kanye West: Gap shares fall after rapper threatens to walk away from Yeezy deal

American rapper Kanye West has left business investors on edge after recent comments. Photo: @kanyewestt_official /IG
Source: Instagram

In videos from the event, the Jesus Walks rapper criticised Gap and Adidas. According to him, he was not on either of the company’s boards and he threatened to walk away from their partnership if things do not change.

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

CNN Business reported that after Kanye’s comment, Gap’s stock fell by nearly 6%. On June 26, when the initial announcement was made of Kanye’s Yeezy’s partnership with Gap, their shares had spiked by about 19%.

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CNN Business also reported that Adidas declined to comment on the development of things. Just recently, Kanye West left many people worried after he shared series of strange posts on Twitter.

The God Is King rapper in one tweet, claimed his wife and reality star, Kim Kardashian, was trying to get a doctor to lock him up.

He also had a few words for his mother-in-law and Kardashian momager, Kris Jenner, who he claimed was part of those trying to lock him up.

In one tweet, he warned her to not play with him and stated that she and 'calmye' - her black boyfriend - are not allowed around his children.

West also added that:

“Everybody knows the movie Get Out is about me.”

The 2017 horror movie, Get Out, portrays a black man who becomes trapped in a suburban nightmare as his white girlfriend and her family try to exploit him.

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Source: Briefly.co.za

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