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In this paper, we give a complete description of closed ideals of the Banach algebra $\mathcal {B}^{s}_{p}\cap \lambda _{\alpha }$ , where $\mathcal {B}^{s}_{p}$ denotes the analytic Besov space and $\lambda _{\alpha }$ is the separable analytic Lipschitz space. Our result extends several previous results in Bahajji-El Idrissi and El-Fallah (2020, Studia Mathematica 255, 209–217), Bouya (2009, Canadian Journal of Mathematics 61, 282–298), and Shirokov (1982, Izv. Ross. Akad. Nauk Ser. Mat. 46, 1316–1332).