Singer takes full ownership of the gymwear label
Beyoncé has ended a business venture with Topshop boss Sir Philip Green.
The singer has bought the tycoon out of Ivy Park, the gymwear label they founded together two years ago.
It comes after Green recently strenuously denied allegations that he sexually harassed and racially abused his staff.
Beyoncé has since faced pressure from campaigners to cut ties and has now taken full control of Ivy Park.
In a statement, Ivy Park said: “After discussions of almost a year, Parkwood has acquired 100 per cent of the Ivy Park brand. Topshop – Arcadia will fulfil the existing orders.”
Beyoncé sporting Ivy Park clothing
The singer and Green had both owned 50 per cent stakes in the label, which is named after the singer’s daughter Blue Ivy.
Meanwhile, Beyoncé and Jay-Z‘s ‘On The Run II’ tour recently made over a quarter…
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