Beyoncé has bought the Ivy Park fitness clothing brand launched two years ago by British retail tycoon Philip Green, who faced allegations of s-xual harassment lately.
“After discussions of almost a year, (Beyoncé’s) Parkwood has acquired 100 percent of the Ivy Park brand,” Ivy Park said in a statement.
It said Green’s Topshop and Arcadia businesses will fulfill existing orders to Ivy Park. No financial details were disclosed.
Ivy Park sells items such as hoodies and leggings, part of a trend toward so called athleisure.