Beyoncé Buys Out Ivy Park From Topshop Amid Sir Philip Green Sexual Harassment Allegations
“Who run the world?”
Beyoncé has made the decision to part ways with Topshop and Arcadia Group CEO Sir Philip Green, who owned part of Ivy Park, after news broke that allegations of sexual harassment are being made against him.
The brand will no longer be stocked by the high street retailer, but will still be available for purchase via the Ivy Park website.
The announcement came from the Beyoncé Collection Twitter account, who tweeted that the singer is now in full control of the brand, writing: "Beyoncé has ended her joint venture with Sir Philip Green after allegations of racial abuse and sexual harassment, buying his 50% stake in Ivy Park."
“Parkwood Entertainment now owns the brand in full,” the tweet went on to add.
Lord Hain broke the news in the House of Lords surrounding Sir Philip, as it was reported that he “was named as having taken legal action to prevent publication of allegations of sexual harassment of staff.”
As soon as the sexual harassment allegations became public knowledge the campaign group Equality Now called for Beyoncé to sever ties.
"Beyoncé has put herself forward as a women's rights activist. She and her team need to look closely at these allegations," a member of the campaign group said.
Fans online are now praising the vocalist for her move, with one saying: “Always putting her money where her mouth is.”
Another made a comment about the buyout, saying: “That's how you use your business, your money, to make a statement.”
Shout out to Beyonce for always doing the right thing.