Beyonce has cut business ties with Sir Philip Green by buying back his share in their clothing venture, it was revealed last night.

The US singer launched fashion sportswear brand Ivy Park with the disgraced Topshop tycoon in 2016.

But she has faced calls to pull out of the multimillion-pound collaboration after Green was accused of bullying and 𝑠e𝑥ual harassment.

Beyoncé has axed her partnership with Sir Philip Green (pictured together in 2014) after accusations of bullying and 𝑠e𝑥ual harassment emerged against the Topshop tycoon

Beyonce debuted her Ivy Park active-wear range for Sir Philip’s store Topshop in 2016 and they first met in 2003 (pict

Ivy Park is sold worldwide in Topshop stores and its website but the singer has reportedly bought the brand back

The 66-year-old was named in the Lords last month as the businessman at the centre of a row over allegations of inappropriate conduct and non-disclosure agreements.

Beyoncé and Sir Philip Green at Grand Central Terminal in New York City, 2014, at the start of their business arrangement

The billionaire, who owns the Arcadia Group, vigorously denies the allegations of unlawful 𝑠e𝑥ual or racist behaviour, saying any remarks had been ‘banter’.

Beyonce’s Parkwood company has bought Green’s share of Ivy Park for an undisclosed sum. Talks about the deal pre-dated the recent furore, parties insisted last night.

An Ivy Park spokesman said in a statement: ‘After discussions of almost a year, Parkwood has acquired 100 per cent of the Ivy Park brand. Topshop/Arcadia will fulfill the existing orders.’ It follows news that music mogul Simon Cowell has severed his links with Green.

When it was announced in 2014 that Beyonce was teaming up with Green to produce Ivy Park – named after Blue Ivy, her six-year-old daughter with husband Jay-Z – she said: ‘I have always loved Topshop for their fashion credentials and forward thinking.’

That year Green was pictured with his arm around her at the opening of Topshop’s New York store. But their friendship dated from far earlier – she sang at his son Brandon’s bar mitzvah in 2005.

Ivy Park was previewed at Topshop’s Oxford Street store in April 2016. At the time, Beyonce, who is estimated to be worth £258million said: ‘My goal with Ivy Park is to push the boundaries of athletic wear.’

Ivy Park items were still being advertised on Topshop’s website yesterday, including a £42 sweatshirt, a £149 bomber jacket, £139 joggers and a £20 sleeveless tank top. It is understood they will remain available in-store. The range is also sold via Selfridges, Asos, JD Sports and Voisins.

But the star is now the latest in a line of high profile people to cut ties with him.

Earlier this week Cowell confirmed he has ‘severed ties’ with Sir Philip in an effort to purge ‘toxic’ people from his company.

Beyonce’s Ivy Park collection went on sale in 2014, pictured on launch day in Oxford Street

The 59-year-old music mogul says he has finally ousted Sir Philip from Syco Entertainment following a falling-out three years ago.

Sir Philip – who is facing allegations of workplace 𝑠e𝑥ual harassment and bullying – was once so close to Simon that they holidayed together and he bought a five per cent stake in the X-Factor judge’s company, now valued at £12.5million.

But Mr Cowell claims he stopped talking regularly with Sir Philip three years ago and initially made an offer to buy the Topshop billionaire out 18 months ago.

Cowell said of Sir Philip’s battle against harassment claims ‘I don’t know what this is leading to, not with me but with him’.

However he did not elaborate on the nature of his falling out with Sir Philip, saying only that Sir Philip was bought out of the company on a matter of ‘principle’.

A source said last month: ‘Philip is a toxic figure and the last person anyone would want involved in an entertainment company’.

Billionaire Sir Philip had counted some of the world’s most beautiful women among his closest companions.

Supermodels Kate Moss and Naomi Campbell were often spotted at his lavish parties, with Moss one of the first celebrities to launch their own brand at Topshop.

As well as being one of Britain’s most successful businessmen, Sir Philip Green also has some of the most beautiful women in the world among his closest companions. The retail mogul is pictured with models Suki Waterhouse (left), Kate Moss, (centre), Cara Delevingne (third right), Sienna Miller (second right) and Naomi Campbell (far right)

Supermodel Kate Moss (pictured with Sir Philip) is frequently spotted with the retail mogul on his multi million pound mega yacht and beside him on the front row of fashion show catwalks

Moss’s close friend and fellow glamour model Naomi Campbell is also a regular at Sir Philip’s lavish birthday parties (the pair are pictured together at a Topshop reception dinner in London in 2009)

The ladies in his life: Sir Philip is pictured with his glamorous wife Lady Christina and their daughter Chloe at a cocktail party in Cannes in May 2017

Simon Cowell joshes with Sir Philip Green in 2006. He has now bought the retail tycoon out of his Syco Entertainment label following a falling out three years ago

Source:https://www.dailymail.co.uk