Beyoncé buys out clothing venture from UK's Philip Green

Angelo Anderson
November 16, 2018

Following Beyonce's buy-out from Green, Ivy Park clothing will be stocked with Net A Porter, JD Sports and Selfridges.

It was previewed at Topshop's Oxford Street store in April 2016, with Beyoncé, who is estimated to be worth £258million, saying at the time: "My goal with Ivy Park is to push the boundaries of athletic wear". But now, following allegations of his inappropriate conduct, Beyonce has bought out Green's shares in the business.

In October, Green was named in parliament as the businessman at the centre of a "British #Metoo" scandal.

Sir Philip has strenuously denied allegations that he sexually harassed and racially abused staff.

Last month, it was revealed that Arcadia employees had accused Green of workplace sexual harassment, homophobic comments, bullying, and racism, and that Green sought legal injunctions to keep the British press from reporting on those allegations.

However, as more stories of his alleged misbehaviour emerged, fans called on Beyonce to end the business partnership with Green;, which she has now done.

Ivy Park was founded as a joint venture between Beyoncé's Parkwood Entertainment and Green's Arcadia Group, and the range has been sold in Topshop stores worldwide.

"After discussions of nearly a year, [Beyoncé's] Parkwood has acquired 100% of the Ivy Park brand", Ivy Park said in a statement, according to Reuters.

The takeover comes as the billionaire retail tycoon, who owns Topshop, fights challenges to his reputation.

Other reports by Iphone Fresh

Discuss This Article