Beyoncé buys out Ivy Park from Sir Philip Green

Singer takes full ownership of the gymwear label

Beyoncé has ended a business venture with Topshop boss Sir Philip Green.

The singer has bought the tycoon out of Ivy Park, the gymwear label they founded together two years ago.

It comes after Green recently strenuously denied allegations that he sexually harassed and racially abused his staff.

Beyoncé has since faced pressure from campaigners to cut ties and has now taken full control of Ivy Park.

In a statement, Ivy Park said: “After discussions of almost a year, Parkwood has acquired 100 per cent of the Ivy Park brand. Topshop – Arcadia will fulfil the existing orders.”

Beyoncé sporting Ivy Park clothing

The singer and Green had both owned 50 per cent stakes in the label, which is named after the singer’s daughter Blue Ivy.

Meanwhile, Beyoncé and Jay-Z‘s ‘On The Run II’ tour recently made over a quarter of a billion dollars.

The run of 48 joint concerts began in June, with the final date taking place in Seattle last month (October 4). NME described the show as “a two-hour masterclass from a pair of icons who are seemingly hell-bent on proving that love conquers all”.

With the tour surpassing $150 million (£116m) gross back in August, the final figure was said to stand at $253.5 million (£197m).

Beyoncé recently reflected on the tour as it reached its final 10 dates, adding: “I’m doing what I love most with whom I love most. I wish it could never end.”

Earlier this year, Beyoncé and Jay-Z released the surprise album ‘Everything Is Love’ under the moniker of The Carters. In a four-star review, NME said that the record’s “overarching mood is that of pure joy”.