Beyoncé has purchased out the Ivy Park clothes line she co-founded with retail tycoon Philip Green, claiming again Topshop’s 50 % stake, Financial Times reports. The transfer comes weeks after the Arcadia Group proprietor was publicly accused of sexual and racial harassment of employees. Campaigners had pressured Beyoncé to chop ties with Green.
Ivy Park stated in an announcement obtained by FT, “After discussions of almost a year, Parkwood has acquired 100% of the Ivy Park brand. Topshop-Arcadia will fulfil the existing orders.” Pitchfork has emailed Parkwood Entertainment representatives for additional remark.
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