Gap Shares Get Stronger on Deal with Kanye West's Yeezy -- Market Talk
Gap Shares Get Stronger on Deal with Kanye West's Yeezy -- Market Talk
DJ Gap Shares Get Stronger on Deal with Kanye West's Yeezy -- Market Talk
11:33 ET - Gap soars 29% after it said it's teaming up with Kanye West's fashion brand Yeezy on a collection that will debut next year. The casual-clothing retailer is betting hoodies and other clothes designed by the music and fashion impresario will help pull it out of its yearslong slump. Wells Fargo says West's partnership with Adidas created a halo for the brand and drove its stock and demand. "While this announcement was unexpected, it is highly aligned with our view that GPS ownership and new management have taken on a new 'all options on the table' mentality, and are highly committed to finding new and creative ways to unlock value from their portfolio," Wells Fargo says. (dave.sebastian@wsj.com; @depsebastian)
(END) Dow Jones Newswires
June 26, 2020 11:34 ET (15:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ Gap Shares Get Stronger on Deal with Kanye West's Yeezy -- Market Talk
DJ Gap股價因與Kanye West的Yeezy達成交易而走強--市場傳言
11:33 ET - Gap soars 29% after it said it's teaming up with Kanye West's fashion brand Yeezy on a collection that will debut next year. The casual-clothing retailer is betting hoodies and other clothes designed by the music and fashion impresario will help pull it out of its yearslong slump. Wells Fargo says West's partnership with Adidas created a halo for the brand and drove its stock and demand. "While this announcement was unexpected, it is highly aligned with our view that GPS ownership and new management have taken on a new 'all options on the table' mentality, and are highly committed to finding new and creative ways to unlock value from their portfolio," Wells Fargo says. (dave.sebastian@wsj.com; @depsebastian)
東部時間11：33，Gap股價飆升29%，此前該公司表示將與坎耶·韋斯特的時尚品牌Yeezy合作推出一款將於明年亮相的系列。這家休閒服裝零售商押注由音樂和時尚領軍人物設計的連帽衫和其他服裝將幫助它走出多年的低迷。富國銀行表示，West與阿迪達斯的合作為該品牌創造了一個光環，並推動了其庫存和需求。富國銀行表示：“雖然這一聲明出人意料，但它與我們的觀點高度一致，即GPS所有權和新管理層已經採取了一種新的‘所有選擇’的心態，並高度致力於尋找新的創造性方法，從他們的投資組合中釋放價值。”(dave.sebastian@wsj.com；@dessebastian)
(END) Dow Jones Newswires
(完)道瓊通訊社
June 26, 2020 11:34 ET (15:34 GMT)
2020年6月26日東部時間11：34(格林尼治標準時間15：34)
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有(C)2020道瓊斯公司。
譯文內容由第三人軟體翻譯。
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