Beyoncé, who owns the company Parkwood, have bought back 50 percent in shares of Ivy Park, a clothing company affiliated with Sir Green's Arcadia Group the singer helped launch in 2016.
“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 fulfil 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. Beyonce, who is married to rapper Jay-Z, has a six-year-old daughter called Blue Ivy.
Green’s representative referred to the Ivy Park statement, without further comment. A representative of Beyoncé could not be reached for additional comment.
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