After recent allegations against Sir Philip Green, the chairman for Arcadia group’s Topshop, for “harassment and bullying” Beyonce has decided to part ways with the retail company. Back in 2016 she launched the exclusive line Ivy Park with Topshop and since has been consecutively releasing new products. Her choice to buy out Topshop’s share of Ivy Park is no small feet, as they equally shared 50% stake.
Just like every other venture Beyonce pursues, she put her heart and soul into the athleisure line. The collection featured a variety of crop tops, leggings, and lightweight jackets that were quickly bought up by fans over the 500 stores available. Beyonce’s management company, Parkwood, urged her to reconsider the deal once Green’s allegations came out because it could disrupt her current and future partnerships.
“After discussions of almost a year, [Beyoncé’s] Parkwood has acquired 100 percent of the Ivy Park brand.”
The universal superstar has recently been featured in an add campaign for Equity Now, in which she publicly promotes her stance and active voice for women. Doing nothing with Topshop could have hindered her reparability within the industry. The difficult decision was confirmed Thursday, November 15th, but no further details have been noted on what the future holds for Ivy Park.