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Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/8ooJl5N or code girdley50. What happened to Yeezy Gap? Get the 2-minute cheat sheet for this video → https://girdley.com/youtube 👇 SUBSCRIBE for more business breakdowns / @michael-girdley ------------------------------------------------------------------ ► Get my weekly letter to business owners: essential insights to run, grow, and stay ahead in your business → https://links.girdley.com/newsletter-yt ► For sponsorships or inquiries please reach out to: Contact@girdley.com ► Do you have a hat I should wear in a video? Send it to us: Contact@girdley.com ► Free events on all things small business: https://links.girdley.com/lectures-yt ► Deep dives on businesses for sale: / @acquisitionsanonymouspodcast ► Follow me on Twitter/X: https://x.com/girdley ------------------------------------------------------------------ In 2020, a single tweet announcing a partnership between Kanye West and Gap added over $1 billion in market value to the retailer in just one day . Investors believed The rise and fall of Yeezy Gap would become a legendary comeback story — a struggling mall brand revived by one of the most influential cultural figures of the 21st century. This Yeezy Gap documentary breaks down how a 10-year deal, projected to generate over $1 billion in revenue, unraveled in less than two years. At the time of the partnership, Gap was in decline. Sales had fallen from $13.7 billion at its peak to $4.7 billion by 2019 . Fast fashion competitors like Zara and H&M were outpacing the company, malls were dying, and brand identity had faded. Kanye West, fresh off a wildly successful Adidas collaboration that reportedly generated $1.7 billion in additional revenue, seemed like the perfect catalyst for reinvention . The early results looked promising. The Round Jacket generated $7 million in preorders overnight . The $90 Yeezy Gap hoodie became one of the most successful items in the company’s 52-year history . Seventy percent of buyers were new customers to Gap . But behind the scenes, tensions mounted. Board seat demands. Manufacturing disputes. Missed rollout timelines. Price point conflicts. Culture clashes between a legacy corporate retailer and a celebrity founder known for unpredictability. Then came the controversies. Public outbursts. Social media escalations. The “White Lives Matter” shirt at Paris Fashion Week. Anti-Semitic comments. Adidas terminated its partnership. Balenciaga cut ties. Financial institutions severed relationships. Gap had no choice but to walk away. By November 2022, the company reported a $53 million impairment charge tied directly to unsold Yeezy Gap inventory . The stock fell 65% from 2022 levels . Layoffs followed. Leadership changed. And the brand was once again searching for identity. This business breakdown explores: – Why the partnership made strategic sense on paper – How operational misalignment destroyed execution – The risks of celebrity-driven turnarounds – What corporate leaders can learn about incentives, governance, and cultural fit – Why choosing the right partners may be the most important decision in business The rise and fall of Yeezy Gap is ultimately a case study in deal fever, brand risk, and the cost of misaligned incentives. For founders, operators, and investors, the lesson is clear: not every lifeline leads to survival.