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Beyoncé ‘streetwear' line to launch in 2016

Beyonce

Beyoncé Knowles is working with British retail tycoon Sir Philip Green on her own clothing brand.

Set to debut next spring, the fashion range will go on sale in 20 countries around the world.

As head of the Arcadia Group, Sir Philip Green owns a host of fashion retailers including Topshop, Dorothy Perkins, Burtons and Miss Selfridge.

The partnership is a concerted effort to take a bigger slice of the global ‘streetwear' market -- sneakers, athletic, casual clothing and accessories.

News that Beyoncé was considering a move into fashion first surfaced at the end of 2014 when it was revealed she'd held discussions with Green regarding the creation of a new global clothing company -- Parkwood Topshop.

However, there had been no statements from either party until Wednesday when Arcadia Group's parent company gave a profit update and issued an official statement confirming that "We are developing our distribution globally for the launch of this exciting new brand in spring 2016."