Eye: Beyoncé's Parkwood Entertainment Buys Out Sir Philip Green's 50% Stake In Ivy Park Amid #MeToo Claims

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Eye: Beyoncé's Parkwood Entertainment Buys Out Sir Philip Green's 50% Stake In Ivy Park Amid #MeToo Claims

Earlier this week, Ivy Park, the sporty brand owned by Beyonce and Sir Philip Green, the chairman of the conglomerate of Arcadia, that owns Topshop, released its Resort 2019 lookbook.

Behind the scenes, choppy waters threatened to capsize the business love boat, as Green was named as the man center stage in Britain’s newest high-profle #MeToo story. In spite of a court-ordered gag order, Lord Peter Hain, a member of Parliament, named Green in the House of Lords, saying felt it was his “duty under parliamentary privilege to name Philip Green as the individual in question given that the media have been subject to an injunction preventing publication of the full details of this story which is clearly in the public interest.” He also said the allegations were of a “serious and repeated” nature and he had them heard from someone “intimately involved in the case.” via The Cut.

The Telegraph has spent the past eight months investigating Green’s multiple accusations of sexual harassment, racially-based abuse, bullying, and misuse of non-disclosure agreements to hide his misdeeds.  

Hours ago on Thursday Novembefr 15, Beyoncé’s Ivy Park became solely owned by her company Parkwood Entertainment, after she acquired Green’s 50 percent share of the label, launched with Green in 2016. The BBC reports have been that activists — including Equality Now — have been pressuring Beyoncé’s camp to divest from the partnership, pointing out her avowed allegiance to feminist principles.

“Beyoncé has put herself forward as a women’s rights activist. She and her team need to look closely at these allegations,” Equality Now’s Yasmeen Hassan told the BBC in October.

Another activist, Nimco Ali, said: "Beyoncé should say 'I don't want to work with Philip Green'."