Getty ImagesLarry Busacca/PW18
Just weeks after Beyoncé’s Ivy Park business partner Topshop chairman Philip Green was accused of sexual harassment, Beyoncé has purchased Green’s share of the athleisure line to become full owner of Ivy Park, according to BBC.
The brand released a statement Thursday stating that, “After discussions of almost a year, [Beyoncé’s] Parkwood has acquired 100 percent of the Ivy Park brand.” Beyoncé previously owned 50 percent of the company, with Green owning the remaining half.
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Per BBC’s report, Green “categorically and wholly” denies the allegations made against him, which include sexual misconduct and racial abuse. Green was initially accused by a member of British Parliament and had previously obtained a court order preventing media outlets from reporting on the allegations.
Beyoncé’s professional severance from Green comes on the heels of Equality Now‘s campaign for the singer to cut ties with the business mogul back in October. “Beyoncé has put herself forward as a women’s rights activist. She and her team need to look closely at these allegations,” said Yasmeen Hassan, a rep from Equality Now. The buyout sends a clear message about how seriously she takes these allegations.