Kanye West — who has a lucrative Yeezy fashion line with Adidas and recently signed a 10-year deal with Gap — took to Twitter to complain about his lack of a board seat with either company. “I DONT HAVE A BOARD SEAT AT GAP I DONT HAVE A BOARD SEAT AT ADIDAS … BLACK BOARD …
Kanye West — who has a lucrative Yeezy fashion line with Adidas and recently signed a 10-year deal with Gap — took to Twitter to complain about his lack of a board seat with either company.
“I DONT HAVE A BOARD SEAT AT GAP I DONT HAVE A BOARD SEAT AT ADIDAS … BLACK BOARD SEATS MATTER,” West tweeted Thursday afternoon.
The tweet wasn’t the first time that the 43-year-old rapper has complained about not being on the board of either of the companies. The “808s & Heartbreak” singer, who is also in the midst of a bizarre presidential run, in July gave a rambling speech at his first campaign rally where he threatened to “walk away” from both companies unless he was given a board seat.
“In risk or no risk of losing whatever deal possible, I am not on the board at Adidas. I am not on the board at Gap,” West said in July. “And that has to change today, or I walk away.”
If West walks away from Gap, it could spell the premature end of a partnership that Gap expected to generate $1 billion in annual sales after five years.
It’s also not clear whether Gap or Adidas have considered adding West to their boards. Neither Adidas nor Gap immediately responded to The Post’s request for comment.
Gap shares soared nearly 19 percent on June 26 when it announced the Yeezy Gap line of affordable “elevated basics,” set to hit stores next year. Under the deal, Gap agreed to pay Yeezy — which West solely owns — royalties and potential equity related to sales performance.
Yeezy’s Adidas sneakers and streetwear business is no small operation, either — Bank of America valued it at up to $3 billion last year, according to Bloomberg News, and Forbes estimates that it raked in $1.3 billion in revenue in 2019.
Shares of Gap were down 0.7 percent Thursday afternoon, while Adidas was up 2.2 percent.