Adidas Part Ways With Beyonce After Five-Year Partnership

March 24, (THEWILL) – Beyonce Knowles and sports brand, Adidas, have reportedly agreed to mutually end their creative partnership together.

In 2018, the Grammy award winner and Adidas entered a creative partnership when the singer relaunched her activewear brand, Ivy Park, which also led to the development of new footwear.

According to Daily Mail, despite the fact that Beyoncé is one of the biggest superstars in the world, Ivy Park has not lived up to the expectation of the German sports giant. In February, a Wall Street Journal source suggested that the line was up to $200 million short of Adidas’ projections.

According to a source linked to The Hollywood Reporter, there have been major creative differences between Ivy Park and Adidas, which has led to the demise of their working relationship after five years.

The source added, “Beyoncé is excitedly looking to reclaim her brand, chart her path and maintain creative freedom.”

Beyoncé first launched Ivy Park in 2016 in a 50-50 venture with former Arcadia Group boss, Sir Phillip Green.

The partnership ended two years later, with the Sweet Dreams singer assuming full ownership of the brand.

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