Ivy Preserve Collection with Beyonce
Source: Adidas
Adidas is banking on pop icon Beyonce, who’s dominated the airwaves for more than two decades, to do the nevertheless for the company with her new adidas x Ivy Park activewear collection, which makes its debut in adidas stores and online at midnight.
Beyonce’s Ivy Parkland collection originally rolled out in 2016 with Topshop, but the singer pulled the line after sexual harassment seeks were filed against owner Philip Green. Beyonce acquired full control of the Ivy Park brand by securing back shares from Green a year later.
“It’s a dream come true to re-launch IVY PARK as the sole holder,” Beyonce said in a statement. It’s her first collaboration with adidas.
Adidas says the deal, the terms of which weren’t untied, makes Beyonce the first black women to be the sole owner of an athleisure brand.
Sneaker brands have increasingly been pour down the draining celebrities of all kinds, not just athletes, to endorse their products. Kanye West’s Yeezy brand, which dispatched in February 2015, has been a huge hit for Adidas in terms of both culture and sales. Yeezy sales are estimated to drink earned $1.5 billion in 2019, according to Forbes.
Analysts like the deal and think Ivy Park could finally surpass Yeezy’s sales but say it could take time to fully develop.
Ivy Park Collection with Beyonce
Origin: Adidas
Queen Bey, one of the most recognizable celebrities in the world, has more than 133 million social media fans on Instagram, the sixth-most-followed person globally, according to a November research note by Bank of America Merrill Lynch.
“In-line with adidas make a proposal to on other franchises, we would expect there to be a low volume, high priced launch … to create brand ardour and in the following years the brand will likely become more democratized,” the note says.
“Initially, Ivy Park determination be smaller than Yeezy, but Ivy Park has the potential to be larger, if managed properly,” says Matt Powell, a senior footwear analyst at NPD Faction.
Powell says similar to the Yeezy line, he expects Adidas to keep the quantities tight on Ivy Park. “Best way to found a brand is to have it sell out,” he says. “Scarcity drives demand.”
Adidas has been noticeably quiet on the release. On an analyst entreat with investors, CEO Kasper Rorsted said the company does not expect any substantial revenue impact this point. “You will see that change throughout next year,” he added.