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Beyoncé now owns her Ivy Park model fully. The “Apesh*t” singer introduced out the remainder of Topshop’s 50% stake within the firm as a result of allegations of sexual misconduct by the British model’s co-founder.
Sir Philip Green is battling accusations of bullying and sexual harassment, and Bey needed no elements of that wrestle.
Reports the Guardian:
The singer’s firm Parkwood has purchased out the British tycoon’s 50% share in Ivy Park, the clothes label she launched with Green’s Arcadia Group in 2016.
Ivy Park stated in a press release: “After discussions of just about a 12 months, Parkwood has acquired 100% of the Ivy Park model. Topshop/Arcadia will fulfil the prevailing orders.” A spokesperson for Arcadia Group confirmed the transaction.
Beyoncé and Green first introduced in 2014 that they had been teaming as much as design an athletic streetwear model and the primary Ivy Park vary went on sale at Topshop two years later. The first vary of tops, sports activities bras and leggings was modelled by Beyoncé herself.
Green was accused of sexual misconduct final month and he vehemently denies the “sexual harassment and racist abuse” he stands accused of. However, present and previous workers of his Arcadia Group are spilling all of the tea.
And that was sufficient for Bey to chop ties and preserve it transferring.