Beyoncé buys out Ivy Park from billionaire businessman accused of harassment

Beyoncé is cutting ties with Philip Green, the embattled British billionaire with whom she partnered for her sportswear line Ivy Park, after he was accused in the U.K. of a series of sexual harassment and racial abuse charges.

The singer's company, Parkwood Entertainment, said in a statement on Thursday that it has acquired 100 percent of the athleisure clothing line.

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