Top Stories

Beyonce Buys Out Ivy Park, Cuts Ties With Topshop's Sir Philip Green Amid Controversy

Beyonce Buys Out Ivy Park, Cuts Ties With Topshop's Sir Philip Green Amid Controversy

Beyonce is cutting ties with Sir Philip Green amid controversy.

The “Formation” superstar’s company Parkwood bought out the Topshop tycoon’s 50% stake in Ivy Park, her clothing label she launched in 2016 with the brand, it was revealed on Thursday (November 15).

PHOTOS: Check out the latest pics of Beyonce

Philip was recently accused of harassment and bullying.

“After discussions of almost a year, Parkwood has acquired 100% of the Ivy Park brand. Topshop/Arcadia will fulfill the existing orders,” Ivy Park confirmed in a statement.

Just Jared on Facebook
Photos: WENN.com
Posted to: Beyonce Knowles, Philip Green

JJ Links Around The Web

Getty
  • A new lawsuit claims Harvey Weinstein bragged about sleeping with this actress - TMZ
  • Vanessa Hudgens is kicking off her 30th birthday in Miami - Just Jared Jr
  • Jennifer Lopez's gown stole the show at the Second Act premiere - TooFab
  • Someone was missing from Prince William & Duchess Kate's Christmas portrait - Lainey Gossip
  • Get to know Fast Layne star Brandon Rossel - Just Jared Jr
  • Are Channning Tatum & Jessie J moving in together? - Gossip Cop
  • la petite bonnieux

    Do celebrities just put on *anything * their stylist tell em to

  • la petite bonnieux

    Do celebrities just put on *anything * their stylist tell em to

  • http://www.soundcloud.com/cigo8179 eternalfratboy

    whore

  • Lexi

    There’s no way there have been talks for a year. This has only come about because of what happened to him. She has the money to make it happen quickly.

  • Lexi

    There’s no way there have been talks for a year. This has only come about because of what happened to him. She has the money to make it happen quickly.

  • GameTime

    They probably got the dirt on him and then forced him to sell back to her for half the price he paid for his 50%.

  • GameTime

    She bought him out because he wasn’t making any money off her “brand.” No market for stripper poles and beaver shot costumes.