To the left, to the left. On Nov. 14, Beyoncé made the decision to cut all business ties with Ivy Park co-owner, Philip Green, Daily Mail reports. The mother-of-three launched her beloved sportswear brand back in 2016, which included a 50 percent stake from the Topshop mogul’s Arcadia Group. However, since then, Philip has been accused of bullying, racism, and sexual harassment. Ultimately, his bad behavior caused the singer to reevaluate her partnership.
Beyonce’s company, Parkwood, bought back the 66-year-old’s share in Ivy Park. “After discussions of almost a year, Parkwood has acquired 100 [percent] of the Ivy Park brand. Topshop/Arcadia will fulfill the existing orders,” a spokesperson for Arcadia Group confirmed.
As it stands, Philip vehemently denies any and all claims made against him. “I’m very, very upset. I’m being used as target practice. It’s injuring my business, all the people potentially working in the business, and it’s injuring me and my family,” the billionaire told Daily Mail shortly after the accusations became public.
“It’s a horror story. Somebody can say whatever they like and people just follow you around, chasing you and harassing you,” he continued. “I’ve been in business for more than 40 years. There has obviously from time to time been some banter and a bit of humor, but as far as I’m concerned there was never any intent to be offensive.”
Beyoncé has yet to comment on the dissolution of their partnership or personal relationship. As it happens, the pair was close prior to going into business together. In fact, Beyoncé sang at Philip’s son Bar Mitzvah in 2005. Additionally, Ivy Park items are still being advertised/sold on Topshop’s website.
In 2014, the now-37-year-old gushed: “I have always loved Topshop for their fashion credentials and forward thinking.” Here’s hoping now that Beyoncé and her brand are 100 percent self-sufficient that she will continue to implement those very same things on her own.