Kanye West’s Gap & Balenciaga deal is estimated to bring in nearly $1 billion in sales next year
Kanye West definitely know how to secure the bag!
As previously reported, earlier this month it was reported that the creative director of Balenciaga Demna Gvasalia joined Kanye West (aka Ye) for his Gap collaboration for a global launch in 2022 called “Balenciaga-designed Yeezy Gap.” Kanye West, 44, and his Yeezy apparel company first partnered with Gap in 2020 and signed a 10-year partnership with the retail company, which launched “Yeezy Gap.”
According to reports, Gap originally planned their partnership with Yeezy to reach $1 billion in revenue by 2025. However, it seems that goal will be achieved a lot sooner. New reports suggest that the “Yeezy Gap Engineered by Balenciaga” team could bring in nearly a billion dollars in revenue by next year, 2023.
To date, “Yeezy Gap” has released unique hoodies and bubble jackets for fashionistas to shop.
Although Yeezy’s line with Gap is small at the moment, and the brands have yet to launch something with their new partner, Balenciaga, Gap is still ramping up its finances. Reportedly, the company’s CEO revealed that the Yeezy hoodie brought in the most online sales in a single day from a single item in Gap’s history.
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https://thejasminebrand.com/2022/01/17/kanyes-gap-balenciaga-deal-estimated-to-bring-in-close-to-1-billion-in-sales-by-next-year/ Kanye’s Gap & Balenciaga deal is estimated to bring in nearly $1 billion in sales next year