Victoria Beckham’s fears over fashion flop
26.08.2022 - 21:52
/ heatworld.com
As one of the richest families on the celeb circuit, you might think the Beckhams could write the book on fame and fortune. But even global stardom has not made them immune to financial woes, and once again, it’s Victoria bearing the brunt.
According to reports, the designer’s high-end fashion brand – which she launched in 2008, with just a single line of dresses – now has debts of almost £54million.Victoria’s fashion line has expanded over the years to feature £500 jumpers and £400 jeans, and she went on to launch a make-up brand in 2019. But financial warning signs became apparent in 2020, when both ventures collectively lost £6.6m in 12 months.
The year prior, the businesses had racked up £15.6m in debt, with a spokesperson for Victoria confirming in a recent report that the figures for her fashion label were accurate.And the outlook gets bleaker, as it has also been alleged that £29m is owed to the Beckhams’ other business ventures. Six years ago, it was reported that retired footballer David – who brings most of the money to their estimated £339m fortune, thanks to lucrative marketing deals with brands including Adidas and Haig whiskey – bailed out Victoria’s fashion empire with £5.2million after her brand lost £3.8million that year.Amid speculation that Victoria, 48, could be stepping away from her fashion company, we’re told that turning to her husband could be the only way to save it.
Our insider reveals, “Before David launched his Inter Miami football club in the US, he never really understood commercial pressure. Now that he does, he’s supportive of Victoria’s desire to do things the VB way.
But he’s also telling her she needs to listen to the experts and the market in terms of pricing. Brand Beckham can’t keep
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