In the arrival a messy sexual misconduct scandal, Beyonce is parting methods together with her British enterprise associate Sir Philip Green.
Last month, the enterprise tycoon was accused harassment and mistreatment by a quantity workers on the retailing firm he heads, Arcadia Group. The multinational retail large has enterprise holdings all throughout the globe, together with a majority stake in Topman, Burton (menswear), Topshop, and up till not too long ago, a fifty % declare to Beyonce's Ivy Park clothes line, a model they launched collectively in 2016.
"After discussions nearly a yr, Parkwood has acquired 100% the Ivy Park model. Topshop/Arcadia will fulfill the present orders," a spokesperson for Parkwood, Beyonce's personal holding firm, confirmed The Guadian.
Although Sir Philip Green continues to disclaim the allegations set earlier than him, Beyonce is doing good "sustainable" enterprise by distancing herself from the scandal. No to say, the sheer magnitude these accusations, by former and present workers, makes the insistence "counterproductive administration behaviors" at Arcadia, all of the extra believable. There will likely be no scarcity retail corporations chomping on the bit with open propositions, within the wake their collapsed "partnership."
Reps for Green and Arcadia have refused to touch upon the foreclosures.