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Reuters
Kanye West seeks to end apparel partnership with Gap
(Reuters) -Kanye West’s lawyers on Thursday sent a letter to Gap Inc notifying the apparel chain that the rapper and fashion designer was terminating his partnership with the company, saying it failed to meet its obligations under the contract. Gap breached its agreement with West by not selling the Yeezy Gap-branded products at its brick-and-mortar outlets and failing to open dedicated stores for the brand, the letter, viewed by Reuters, said. West, known as Ye, in 2020 signed a 10-year deal with Gap to create a line of clothing under the Yeezy Gap brand.
Reuters
UPDATE 3-Kanye West seeks to end apparel partnership with Gap
Kanye West’s lawyers on Thursday sent a letter to Gap Inc notifying the apparel chain that the rapper and fashion designer was terminating his partnership with the company, saying it failed to meet its obligations under the contract. Gap breached its agreement with West by not selling the Yeezy Gap-branded products at its brick-and-mortar outlets and failing to open dedicated stores for the brand, the letter, viewed by Reuters, said. West, known as Ye, in 2020 signed a 10-year deal with Gap to create a line of clothing under the Yeezy Gap brand.
Bloomberg
FedEx Has Biggest Drop in Over 40 Years After Pulling Forecast
(Bloomberg) — FedEx Corp. saw its biggest stock drop since at least 1980 after withdrawing its earnings forecast on worsening business conditions, a potentially worrying sign for the global economy.Most Read from BloombergGermany Tightens Control Over Industry With Russian Oil GrabAdobe Near Deal for Online Design Startup Figma, Sources SayPutin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by 20%Patagonia Billionaire Who Gave U
Bloomberg
Jacinda Ardern’s Feted Covid Response Could Yet Be Her Undoing
(Bloomberg) — The pandemic response that swept Jacinda Ardern to a second term as New Zealand’s prime minister may end up costing her a third.Most Read from BloombergAdobe Near Deal for Online Design Startup Figma, Sources SayRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by 20%Putin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionAdobe Tumbles After Deal to Buy Figma for About $20 BillionPutin’s Options Narrow After Ukraine Scores Battlefield RoutArdern this week scrapped wha
Associated Press
Kanye West and Gap splitting up after 2 years
Kanye West is breaking up with the Gap. An attorney for Kanye West, who goes by Ye, told The Associated Press that a letter has been sent to the clothing chain Thursday seeking to terminate the contract between Gap and West’s company, Yeezy. The clash comes a little over a year after Yeezy’s first item— a blue puffer jacket — appeared in Gap stores.
Benzinga
EXCLUSIVE: Curaleaf Founder Boris Jordan Says Cannabis Drinks Will Be 50% Of The Industry
The future success of the cannabis industry is directly tied to decriminalization and regulation. That’s among the topics being discussed at the 2022 Benzinga Cannabis Capital Conference in Chicago. The federal landscape, though, is changing, and Curaleaf Holdings Inc (OTC: CURLF) founder Boris Jordan is hopeful that by the end of 2022, the marijuana industry will be officially recognized as a legitimate industry in the U.S. “We’ve never been closer to getting real cannabis legislation, this cou
Benzinga
REIT ETF Benchmarks Tank After Inflationary CPI Data
The benchmark real estate investment trust (REIT) exchange-traded funds (ETFs) sold off Tuesday along with most of the rest of the stock market after the consumer price index (CPI) came in higher than expected. The Real Estate Select Sector SPDR Fund (NYSEARCA: XLRE) tanked by 3.80%. The iShares U.S. Real Estate ETF (NYSEARCA: IYR) got hit by 3.70%. The S&P 500 dropped by 4.32%. and the Nasdaq Composite Index slipped by 5.16%. Relatively speaking, the REIT funds outperformed the broader indexes.
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