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Beyoncé buys Ivy Park stake from Topshop owner accused of sexual harassment and racial abuse
Topshop founder Sir Philip Green was accused of sexual harassment, racial abuse and bullying. John Palmer/MediaPunch

Beyoncé now owns 100% of the athleisure brand Ivy Park. The pop superstar and businesswoman bought the 50% stake owned by British billionaire Philip Green as he faces allegations of sexual harassment and racial bias.

“After discussions of almost a year, [Beyoncé’s] Parkwood has acquired 100% of the Ivy Park brand,” Ivy Park said in a statement, according to Reuters. Financial Times was the first to report the news Wednesday.

Green is the chairman of Arcadia Group, which owns popular retailers such as Topshop. Since launching in 2016, Ivy Park was sold through Top Shop. Additionally, the line is sold in Bloomingdale’s, Nordstrom and German-based online store Zalondo.

An advertisement for Beyoncé’s Ivy Park collection as it goes on sale at Topshop on April 14, 2016 in London.
An advertisement for Beyoncé’s Ivy Park collection as it goes on sale at Topshop on April 14, 2016 in London. Stuart C. Wilson/Getty Images

Ivy Park’s “high-functioning sportswear,” as described on the Topshop website, includes T-shirts, leggings, hoodies, bra-tops and sweatshirts. Topshop will reportedly fulfill any remaining orders for the sportswear brand in light of the news, according to Reuters.

On Oct. 26, the Guardian reported that former employees of the Arcadia Group had alleged Green sexually harassed, bullied or racially abused them. Green reportedly paid them “enormous seven-figure secret payouts” to keep the allegations from going public.

Days later, Green denied the allegations, stating, “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.”

Natelegé Whaley
Culture Reporter