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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Gap Inc | NYSE:GPS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.79 | 3.44% | 23.75 | 23.76 | 23.14 | 23.29 | 2,983,299 | 17:37:53 |
From Jul 2022 to Jul 2024
By Kathryn Hardison
Shares of Gap Inc. edged 3.2% lower, to $9.04, on Thursday after Kanye West formally notified the apparel chain that he is terminating his partnership with the company.
Gap and Mr. West announced a partnership in 2020 to develop a collection of clothing under the Yeezy Gap brand. Mr. West's lawyers on Thursday sent a letter to Gap notifying the company of his plans to walk away. According to the letter, Gap breached the agreement by not releasing apparel and opening retail stores as planned, The Wall Street Journal reported.
The rapper and designer recently on social media has criticized the Gap agreement and a similar deal he has with Adidas AG.
American depositary receipts of Adidas edge 3.8% lower, to $68.41.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
September 15, 2022 12:14 ET (16:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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