According to WWD, who interviewed Topshop owner Sir Philip Green, ‘Parkwood’ is not a collaboration between his company and Beyonce, but rather the building of a new brand- a completely separate business with separate overhead and separate offices.
As for Beyonce, she reportedly released a brief statement saying “I have always loved Topshop for their fashion credentials and forward thinking.”
The official announcement is expected to be announced later today by Topshop in London.
FYI: Topshop is the same company Rihanna sued some years ago for misappropriating her image on a brand of t-shirts. She eventually won her case and the company stopped selling the shirts.