Back in February, reports surfaced that sales of the “Renaissance” singer’s clothing line with Adidas had plummeted more than 50 percent last year.
News of the alleged split comes nearly two months after the “Renaissance” singer’s Ivy Park clothing line salesWall Street Journal reportedHowever, “in five of the last six Ivy Park releases, roughly half of the merchandise that was produced went unsold,” the outlet reported, adding that the clothing and sneaker line was “losing money for Adidas.”
Reports had surfaced that the “Cuff It” singer’s clothing line sales plummeted by 50 percent last year.Ivy Park was reportedly projected to bring in $250 million in 2022, however, it only garnered $40 million.Beyoncé, 41, originally launched Ivy Park with Topshop in 2016.
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