- Complex, Thursday, July 16, 2020 7:20 PM
A week before Kanye West announced he was running for U.S. president, he inked a deal to help rebuild another American institution. The 10-year deal with Gap includes West creating a Yeezy Gap apparel
line, set to arrive in 2021. West will receive royalties, have the option to renew the deal after the first five years, “and most importantly, acquire up to 8.5 million shares of common stock
from Gap,” per
Complex. “So along with royalties, West also has the chance to gain equity or a piece of Gap if his line meets certain sales targets.”
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