Beyoncé bought out Ivy Park from her business partner Philip Green, who faces allegations of sexual harassment
Beyoncé has cut all ties with British businessman Philip Green, whom she launched her fashion brand Ivy Park with in 2016. Business of Fashion reports that the “Flawless” singer has bought out her activewear company Ivy Park from Green, who faces allegations of sexual harassment and racial abuse. Ivy Park released a statement on Thursday, November 15th that said: “After discussions of almost a year, Parkwood has acquired 100% of the Ivy Park brand. Topshop-Arcadia will fulfill the existing orders.”
Green serves as chairman of Arcadia Group, a retail company that includes stores such as Topshop and Topman. The buyout comes at the heels of reports that Green took legal action to prevent allegations of sexual harassment and racial abuse from coming forward. In a statement last month, Green denied all allegations.
Beyoncé, who owns 50% of stakes in Ivy Park, has faced pressure to cut ties with the retail mogul since the allegations of abuse came forward. As BBC reports, campaign group Equality Now called on the “Apesh**t” singer to end ties with the British businessman. Equality Now’s Yasmeen Hassan said last month: “Beyoncé has put herself forward as a women’s rights activist. She and her team need to look closely at these allegations.”
Ivy Parked launched in March 2016. The activewear clothing line, named after Bey and husband Jay-Z’s daughter Blue Ivy Carter, features items such as hoodies, leggings, and other athleisure wear; the company is headquartered in New York and the United Kingdom. We’re happy Beyoncé took action against an alleged abuser and ownership of her own company, much like a queen should.