Double Tap to Zoom

Gap stock is up by 39 percent as of this morning after Kanye West announced a multiyear partnership with his brand, YEEZY. According to CNBC, news of the collaboration has brought more than $1.4 billion to Gap’s market cap of $3.8 billion.

The YEEZY Gap deal is reportedly for 10 years, and it will include modern elevated basics for men, women, and children at accessible price points. The clothing line, which is set to debut in 2021, will be sold in stores and online.

Kanye revealed the collaborative partnership in a tweet earlier today. The rapper/designer previously worked for Gap as a teenager in Chicago, after which he shadowed the brand’s then-creative director Patrick Robinson in 2009.

“We are excited to welcome Kanye back to the Gap family as a creative visionary, building on the aesthetic and success of his YEEZY brand and together defining a next-level retail partnership,” said Mark Breitbard, Global Head of Gap Brand.

Gap has disclosed that YEEZY will receive royalties and potential equity related to sales.

We Recommend
  • “Milkshake,” Hair Flips, and Oversize Denim: Behind the Scenes of Gap’s Campaign with KATSEYE
  • The Golden Age of Mountaineering By The North Face Purple Label
  • A Summer To Remember for Stylish Fishermen
  • Best Nights VC Is Putting Its Money Where The Party’s At
  • Thanks, It’s Vintage! The Hand-Me-Downs That Define Us
What To Read Next
  • What's Cooler Than Being Ice Cold? Jordan’s Elegantly Rugged Winterwear
  • Nike's Luxe Air Force 1 Looks Extremely Expensive In a Mink Coat
  • Dr. Martens 1460 Rain Boot Conjures Up a Style Storm
  • “Vintage” Perfumes Are a Thing Now. They’ll Cost You a Grand.
  • According to Data, Boring Style Is Back (Again)
  • Faye Webster Really Loves Games