Kanye West signed a huge deal with GAP with Kanye West.
But a former CE0 of the corporation told the rapper not to sign the 10 year deal with the clothing company.
“I probably shouldn’t say this but I told him he shouldn’t do the deal because it doesn’t make any sense in my opinion. I have a lot of friends at Gap still, but it doesn’t work for someone like Kanye. He is not a corporate person and Gap is a big corporation,” Mickey Drexler told Yahoo Finance.
He added, “So, I know the jacket sold out. They did $7 million on the jacket overnight. [Kanye] is a smart guy but he shouldn’t have done it. And I don’t think they should have done it, either.”
Kanye fans are saying that Drexler sounds like a hater.
The YEEZY Gap deal gives YEEZY royalties and potential equity based on sales performance over the duration of their deal.