Beyonce Buys Out Philip Green's Stake In Ivy Park Clothing Brand
Parkwood, Beyonce and Jay Z's company, has bought out Green's 50% share in athleisure brand Ivy Park.
Beyonce has moved to cut ties with embattled British businessman Philip Green, who is fighting allegations of workplace harassment and bullying, by buying out his share in her clothing label Ivy Park.
The pop superstar launched the Ivy Park range with Green’s Arcadia Group back in 2016, having announced their intention to collaborate two years before that on new athletic sportswear brand. Now, however, she’s bought back Green’s 50% share of the brand.
Topshop, which Green’s company owns, will therefore stop stocking the range of tops, sports bras and leggings with immediate effect.
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