Beyonce launched the active-wear brand in 2016 in collaboration with fashion retailer Topshop. She later axed a partnership with Topshop tycoon Philip Green following allegations of sexual misconduct, bullying and racial harassment. Now, she is all set to relaunch the brand.
“This is the partnership of a lifetime for me,” said Beyonce, who will remain the owner of the brand, in a statement.
“adidas has had tremendous success in pushing creative boundaries. We share a philosophy that puts creativity, growth and social responsibility at the forefront of business. I look forward to re-launching and expanding Ivy Park on a truly global scale with a proven, dynamic leader,” she added.
Beyonce will be a creative partner for the brand, and also develop new signature footwear and apparel. The partnership will result in the co-creation of exciting new products — from performance to lifestyle.
Eric Liedtke, Executive Board Member – Global Brands at adidas, said: “Beyonce is an iconic creator but also a proven business leader, and together, we have the ability to inspire change and empower the next generation of creators.”