Is Beyoncé Buying Back Ivy Park From Topshop Or Not?

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When reports appeared that Beyoncé prepared to redeem Ivy Park from disgraced Topshop magnate Philip Green on Thursday, it fell on eager ears. Beyoncé- associated news (about music, infants, and more) tends to penetrate the web immediately, so why would not apparel-business reports spread out simply as quick? Fans were grateful the Lemonade developer was making the best choice to disassociate herself with Green following the accusations of unwanted sexual advances brought versus him last month, which was exposed by means of British Parliament.

But wait —– is this really occurring?

Though numerous media outlets report that Beyoncé is divesting from Green and taking 100% of Ivy Park with her, the news has yet to be formally verified. Teen Vogue , for instance, points out a tweet —– from an informal “Beyoncé Collection” account —– that checks out “Beyoncé has actually ended her joint endeavor with Sir Philip Green after claims of racial abuse and unwanted sexual advances, purchasing his 50% stake in Ivy Park. Parkwood Entertainment now owns the brand name completely.” The tweet was released from an iPhone.

WWD associated a comparable quote, that includes a claim that Topshop Arcadia [Group] will satisfy existing orders, to Green’s camp, though a number of other sources, like the Financial Times , The Guardian , Elle , and Reuters associate it to Ivy Park. Who stated what? Currently, we’ve connected to Ivy Park’s press group, who were not able to offer remark and forwarded our demand on to Beyoncé’s camp. In addition, we’ve connected to Topshop to reject or verify what is, in the meantime, a report, and they have yet to return our query.

Beyoncé has actually ended her joint endeavor with Sir Philip Green after claims of racial abuse and unwanted sexual advances, purchasing his 50% stake in Ivy Park. Parkwood Entertainment now owns the brand name completely. pic.twitter.com/QWu9FdeMWd

— BEYONCÉ COLLECTION (@BeyCollection) November 15, 2018

This isn’t the very first time Ivy Park has actually been the topic of headings, nevertheless –– and we’re not describing its drastically inclusive projects or its impressive requirement of athleisure goodness. In 2016, the label dealt with claims came up with by British tabloid The Sun that the athletic-wear line was produced in sweatshops where employees were underpaid and unguarded. Representatives for Ivy Park quickly refuted the claims, though supplied no proof to support their opposition. At the time, Green was under examination in associated to the collapse of his BHS retail chain.

Though we hope the most recent reports hold true —– and we have faith that Beyoncé will do what is right for her, her company, her clients, her fans and, well, the world — — we’ll keep you published if and when we hear back from anybody to verify the news.

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Read more: refinery29.com

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