The singer has bought back Arcadia's 50 per cent share in the clothing range, it has been revealed
Topshop will no longer stock Beyonce's Ivy Park range as singer cuts ties with Sir Philip Green
Since it was launched in 2016, Beyoncé’s Ivy Park range has been one of Topshop’s most successful collaborations.
But it has now been revealed that the singer has cut all business ties with Sir Philip Green, buying out parent company Arcadia’s 50 per cent share.
It comes after Green was named in UK Parliament as the businessman accused of inappropriate conduct including racial abuse and harassment – something he “categorically and wholly” denies.
It means that the Ivy Park leisure wear range will no longer be stocked in Topshop stores in the UAE and around the globe, although all existing orders will be fulfilled, customers have been assured.
In a statement, Beyoncé’s company Parkwood Entertainment say that acquisition follows a year of discussions with Topshop.
Beyoncé has not revealed the reason behind the buyout, but she had been receiving growing calls from fans to remove the clothing range following the allegations against Green.
The pair had been friendly for many years before the launch, with Beyoncé openly saying she had always been a fan of the brand for its “fashion credentials and forward thinking”.
Future plans for the Ivy Park range are yet to be revealed.