thtrangdaien

Gap Wants Kanye West To Cough Up $2M In Damages For Cost Incurred In Lawsuit

American clothing and accessories retailer Gap Inc. is seeking more than $2 million from rapper Kanye West to cover the cost of potential damages incurred in a breach of contract lawsuit.

The retail giant is being sued by real estate company Art City Center, which owns the building that houses the leased Yeezy store that it claims was renovated without permission.

West and Gap were previously in partnership. However, the rapper called it quits last year after claiming they refused to produce clothes and open stores as stipulated in their contract.

Read on for more details.

Gap Sues Kanye West For $2 Million

Kanye West headed to a meeting in Sherman Oaks after churchMEGA

In a recent legal development, retail giant Gap Inc. has filed a countersuit against famous rapper and fashion designer Kanye West, seeking more than $2 million in damages. The lawsuit alleges that West breached a contract with the company, causing substantial harm to Gap’s business interests.

The lawsuit stems from a collaboration agreement between the creator of “Donda” and Gap, which was announced with great fanfare in June 2020. The partnership leverages West’s creative vision to create a new line of clothing designs.

follow RadarOnline, Gap claimed that West & Yeezy failed to meet its contractual obligations by making numerous changes to the building that housed its storefront without Gap’s approval, “especially under the terms of the Agreement.” Moreover, Gap argued that its agreement with West stipulated that the company would not be liable for any claims brought due to Yeezy’s acts or omissions.

See also  Bill Clinton backs bid to change NYC’s ‘Right to Shelter’ law given migrant crisis: ‘We need to fix it’

Gap Wants Kanye West to Take $2 Million in Damages for Costs Incurred in Breach of Contract LawsuitMEGA

Gap’s lawsuit reads, “Not only did the performance of the work violate the Strategic Agreement, but the manner in which the work was prepared and performed caused the need for the repairs and restorations alleged in the complaint.”

The company is seeking compensation from the former billionaire for potential damages incurred as a result of the alleged breach of contract.

Gap argued that “by making and not repairing or rehabilitating the previous Premises which [Kanye] made without Gap’s participation or approval, [Kanye] violate the Strategic Agreement and directly and proximately cause Gap to incur expenses to repair and restore the premises.”

A representative for Kanye West has yet to make an official statement regarding the lawsuit.

Art City Center sues Gap

Gap Wants Kanye West to Take $2 Million in Damages for Costs Incurred in Breach of Contract LawsuitInstagram | A gap

follow RadarOnlineGap’s legal drama with West appears to stem from its legal battle with a real estate company with which it signed a one-year lease for a store in a building on 6th Street in Los Angeles.

Court documents obtained by the news outlet show that the real estate giant, Art City Center, claims that the retail giant “completed numerous significant, unapproved modifications” to the premises, and that it has not been restored to its original condition.

The two entities initially entered into a one-year lease agreement for the building from April 1, 2021, to March 31, 2022, but extended thereafter. Gap is required to pay rent of $104,666.67 per month with parking costs of $8,333 per month and is not allowed to make any changes to the building without approval.

Kanye West's 'Yeezy' Company Kicked Out Of Calabasas OfficesMEGA

See also  Utah Jazz told rabbis to remove ‘I’m a Jew and I’m proud’ signs after they allegedly distracted Kyrie Irving

According to the news outlet, Art City Center claimed in September 2022 that Gap owed $822k in withheld damages, aggregating to $164,000 per month plus additional damages of $1.5 million.

Gap has maintained innocence of any wrongdoing, arguing, “supervising legal requirements prevents performance of the Lease in accordance with its terms, thereby excusing, in whole or in part, the performance of the Tenant.”

Kanye West And Gap End Their Partnership

Kanye West Was All Smiles and Unfazed as He Hosted a Mini Media Conference at His Daughter North apos' Basketball Game in Thousand Oaks CAMEGA

Kanye West officially announced the end of his partnership with the global clothing retailer in September of last year, per Explosion.

The collaboration between the multi-talented musician and Gap was initially hailed as a groundbreaking effort that aimed to combine the Yeezy West brand’s innovative design aesthetic with Gap’s mass market appeal. The partnership, announced in June 2020, received significant attention and excitement from fans and industry insiders.

However, recent legal disputes have overshadowed the collaboration. West claimed the company breached its agreement by not producing the clothes as planned or opening stores.

A statement released by his representative and shared on his Instagram page confirmed that the partnership between West and Gap has officially ended.

Kanye West Wants No In Between

Kanye West is back in his shoes as he makes his way around Miami.MEGA

The “Jesus Is King” singer, 45, made headlines with a bold statement, expressing his desire to create a direct relationship with his audience and eliminate the presence of intermediaries such as Gap and Adidas.

The announcement came after his legal drama with the clothing brand, indicating that he wanted to go solo and open his store without a company “standing between me and the audience.”

See also  Emergency test set to blast phones — and conspiracy theorists are on high alert

“It’s time for me to go on my own. Its okay. I make the company money. Companies make me money. We created ideas that would change clothing forever, like the round jacket, foam runners and slides that changed the shoe industry. Now it’s time for Ye to create a new industry. No more companies standing between me and the audience,” said the rapper.

Categories: Trending
Source: thtrangdai.edu.vn/en/