Beyoncé is now full owner of her fashion line company, Ivy Park, after buying out former co-owner Phillip Green’s share with his retailer, Arcadi Group Ltd.
Launched in 2014 by Beyoncé’s Parkwood Entertainment, Ivy Park has built quite the reputation and branding investments. Featuring sportswear clothings from leggings and sportsbras to hoodies, the line became available in Green’s UK Topshop stores in 2016, aside from being available online.
Green, a billionaire the U.K. has been accused of multiple sexual harassment and racial abuse allegations. After the multiple allegations, Beyoncé bought out Green’s share, making her the full owner of her clothing line. Ivy Park said in a statement that,“After discussions of almost a year, Parkwood has acquired 100% of the Ivy Park brand. Topshop/Arcadia will fulfil the existing orders.”
According to Fortune.com, Green is currently under investigation for sexual and racial harassment, according to former British cabinet minister Peter Hain. Now a member of the House of Lords, Hain invoked the law of Parliamentary privilege to disclose that Green had obtained a court injunction preventing the British press from reporting the accusations, which Green has strenuously denied.
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