Beyoncé‘s Parkwood has acquired all of her popular athleisure clothing label Ivy Park, splitting from Topshop, which reportedly owned half of the line and helped to launch it in 2016.
In a statement, Ivy Park noted that Topshop stores will fulfill any existing orders for their clothing, but that the label was now separate: “After discussions of almost a year, Parkwood has acquired 100 percent of the Ivy Park brand.” Ivy Park did not disclose the deal’s terms to the public.
Ivy Park cutting ties with Topshop follows allegations that surfaced in October of sexual misconduct, bullying, and racial harassment about Arcadia Group owner and billionaire Sir Philip Green (Arcadia is the parent company of Topshop). Green was also accused of using non-disclosure agreements and hush money to prevent these allegations from surfacing. Green has denied all of the allegations.
Beyoncé and Ivy Park’s departure from Topshop follows Simon Cowell’s announcement this week that he bought out Green’s shares of his entertainment business Syco.
- The Man Who Thinks He Can Live Forever
- Why We Can't Get Over the Roman Empire
- The Final Season of Netflix’s Sex Education Sends Off a Beloved Cast in Style
- How Russia Is Recruiting Cubans to Fight in Ukraine
- The Case for Mediocrity
- Paul Hollywood Answers All of Your Questions About The Great British Baking Show
- How Canada and India's Relationship Crumbled
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
