David Beckham will no longer plough money into wife Victoria’s troubled fashion business – despite it making staggering losses of just over £10 million last year
David Beckham will no longer plough money into wife Victoria’s troubled fashion business – despite it making staggering losses of just over £10 million last year.
Becks, 43, has previously come to Posh’s rescue, injecting cash into Victoria Beckham Limited to help her books look more healthy.
However, I understand David now wants her to take full responsibility for running the company – and that he won’t bail her out again.
Sources say David, pictured right with his wife, is happy she has now found investors who have injected £30 million into the label, so at least her next set of accounts might look more impressive.
One said: ‘David is super-proud of what Victoria has achieved but he will no longer be putting money in. She has investors now.’
Posh, 44, made her biggest loss to date last year, according to accounts released just before Christmas.
In 2016, she was £8.4 million in the red and £4.7million the year before that. By contrast, David’s company, DB Ventures, made a whopping profit of £26.5 million before tax in the year to December 2017.
In 2016, she was £8.4 million in the red and £4.7million the year before that. By contrast, David’s company, DB Ventures, made a whopping profit of £26.5 million before tax in the year to December 2017
Victoria, who in April made a third of her staff redundant in an attempt to make her business profitable, will be hoping that her post-Christmas sale will be a success. She has slashed prices on 230 items of her high-end clothing – many by 50 per cent
Victoria, who in April made a third of her staff redundant in an attempt to make her business profitable, will be hoping that her post-Christmas sale will be a success. She has slashed prices on 230 items of her high-end clothing – many by 50 per cent.
Sale garments include a leopard-print split-sleeve fitted coat, which is down from £2,495 to £1,247, and a drape neck midi dress, now priced at £767.50 from £1,535.
Meanwhile, David is currently negotiating a buyout of shares in DB Ventures held by Simon Fuller, his former manager and long-term business partner.
Fuller, who is credited for creating the Posh and Becks ‘brand’ in the 1990s, is understood to want about £60 million in the deal.
Link hienalouca.com
https://hienalouca.com/2018/12/30/talk-of-the-town-david-beckham-set-to-stop-funding-wife-victorias-troubled-fashion-business/
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David Beckham will no longer plough money into wife Victoria’s troubled fashion business – despite it making staggering losses of just over £10 million last year
David Beckham will no longer plough money into wife Victoria’s troubled fashion business – despite it making staggering losses of...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
https://i.dailymail.co.uk/1s/2018/12/29/21/7938700-6538695-image-a-5_1546117856494.jpg
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