Beyonce Buys the Remaining Stake in Ivy Park from Affiliate

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Beyonce

Beyonce Knowles doesn’t want any connection to Philip Green. Last month, Green was accused of sexually and racially harassing members of his staff. Green serves as the chairman for Arcadia, a parent company of Topshop, where Beyonce’s Ivy Park is sold.

Just recently, Knowles’ Parkwood Entertainment company and Arcadia Group Ltd each owned 50% of Ivy Park. However, since the allegations, Beyonce has been pressured to put an end to their connections. In a statement released by Parkwood, they said, “After discussions of almost a year, Parkwood has acquired 100% of the Ivy Park brand. Topshop – Arcadia will fulfil the existing orders.”

Ivy Park is an athleisure brand, dedicated to women and athleticism. Bey started the company two years ago, alongside Philip Green.

Green has denied all allegations.

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