U.S. singer Beyoncé has bought the Ivy Park fitness clothing brand launched two years ago with British retail tycoon Philip Green, who has faced allegations of sexual harassment. "
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 towards 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. The deal was first reported in the Financial Times.
Green, one of Britain's best-known businessmen, was named in parliament last month as having taken legal action to prevent publication of allegations of sexual harassment and racial abuse of staff. In a statement last month, Green denied having broken the law and said his businesses fully investigated employee grievances.
**Reuters
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