Beyoncé Bought Back Ivy Park from Topshop's Philip Green, Who Was Recently Accused of Sexual Harassment
Honestly, did you ever doubt that Beyoncé is a boss? In this particular case, we do mean that quite literally.
Following the recent sexual harassment and bullying allegations surrounding Topshop chairman Sir Philip Green, BBC reports that Beyoncé is ending her partnership with the businessman by buying back her sportswear brand, Ivy Park. However, it's unclear if the two events are directly related.
In a statement released on Thursday, the company announced, “After discussion of almost a year, Parkwood has reacquired 100% of the Ivy Park brand. Topshop/Arcadia will fulfill the existing orders.”
Originally the entertainer and business tycoon were equal partners in the label, sharing a 50 percent stake. The 37-year-old first announced that she would be collaborating with Green on an athleisure line back in 2014. Just two years later, the sportswear line, which was named after the singer’s daughter, Blue Ivy, made its debut at Topshop.
Following the allegations against Green, there were many who called for Beyoncé to cut ties with the brand. Yasmeen Hassan, from the campaign group Equality Now, noted, “Beyoncé has put herself forward as a women’s rights activist. She and her team need to look closely at these allegations.”
Who run Ivy Park? Beyoncé.