Beyoncé has ended a enterprise enterprise with Topshop boss Sir Philip Inexperienced by shopping for him out of Ivy Park, the gymwear label they based collectively.
The pair launched Ivy Park two years in the past, enjoying on the private model of the US singer and outspoken feminist.
The buyout comes weeks after Sir Philip was named as having taken authorized motion to stop publication of allegations of sexual harassment of employees.
Sir Philip says he “categorically and wholly” denies the allegations.
Nevertheless, Beyoncé had confronted strain from campaigners to chop ties.
In an announcement on Thursday, Ivy Park mentioned: “After discussions of virtually a 12 months, Parkwood has acquired 100% of the Ivy Park model. Topshop – Arcadia will fulfil the present orders.”
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Ivy Park sells objects resembling hoodies and leggings, a part of a development in the direction of so referred to as athleisure.
Beyoncé and Sir Philip had each owned 50% stakes within the label, which is known as after the singer’s daughter with rapper Jay Z, Blue Ivy.
Sir Philip, considered one of Britain’s finest identified businessmen, was named in parliament final month as having taken authorized motion to stop the publication of allegations of sexual harassment and racial abuse of employees.
In an announcement final month, he denied having damaged the regulation and mentioned his companies totally investigated worker grievances.
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Nevertheless, marketing campaign Equality Now had referred to as for Beyoncé to finish her relationship with the tycoon, arguing it was at odds along with her said ideas.
Yasmeen Hassan, from the marketing campaign group, mentioned in October: “Beyoncé has put herself ahead as a girls’s rights activist. She and her workforce have to look carefully at these allegations.”
One other activist, Nimco Ali, mentioned: “Beyoncé ought to say ‘I do not need to work with Philip Inexperienced’.”
A consultant of Sir Philip wouldn’t remark additional on the Ivy Park deal, whereas Beyoncé couldn’t be reached for extra remark.