Pay her in equity… Beyoncé is now the 100% sole owner of Ivy Park after cutting ties with Topshop. The British retailer’s owner, Sir Philip Green, has been at the center of allegations including sexual misconduct and using racist language.
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The “Apeshit” singer’s popular line of athleisure (sports bras, T-shirts, tights) began selling with the brand in 2016. No word on if Beyoncé has plans to take the line to another company or if she’ll sell it on her website.
A spokesperson for the line confirmed the split in a statement to the Daily Mail:
“After discussions of almost a year, Parkwood has acquired 100 percent of the Ivy Park brand. Topshop/Arcadia will fulfill the existing orders.”
The brand was originally established as a 50-50 venture under the ownership of Parkwood Topshop Athletic Ltd. Inspired by Beyoncé’s feminist messaging, it sold 100 clothing items that ranged in price from $15 to $265.