This is correct.
Also I need to corrupt this thread for a moment. Let me set the record straight on Beyonce's background. Before her father took her to height of stardom. Beyonce's father, Matthew Knowles was an executive at Xerox in medical sales, selling multi-million dollar pieces of equipment and making six figures. “I was blessed to be the number one sales rep in the medical division of Xerox for years,” he says. Matthew is Beyonce’s manager, the one who negotiated everything from her initial record deals with Elektra and Columbia to her recent endorsement deals with L’Oreal and Tommy Hilfiger, and executive produced all of her albums.
Her mother was from New Orlean of Creole birth and they live a very comfortable upper middle class lifestyle. Hr mother owned her own Hair Salon/Spa. that catered to the professional woman in Houston like judges and attorneys. They live in a 6 bedroom house and were never, ever from the ghetto (so ill-advised person mention this in another thread). Her mother has always had a desire to create and design, hence her venture with this clothing line. She might not be a design student but she has every right to launch her own apparel line and start a career in fashion with her daughter if that is her desire. If you don't like the clothes, don't buy it. I'm sure they will find a "market" for their line and do just fine!