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Saturday, March 12, 2016

David Beckham 'Bailed Out Victoria's Fashion Business At Cost Of £5.2 Million'

                                        Victoria Beckham show, Runway, Fall Winter 2016

Victoria Beckham’s fashion business was bailed out by husband David after facing costs of £3.8 million.

The huge bill left her empire with a £3.8million deficit for 2014 despite a turnover of £34 million.
Becks, 40, came to the rescue with £5.2million after Victoria spent £2,854,091 setting up an architect-designed shop in Mayfair, central London.

However, experts said the accounts suggest it is simply a transfer of operations between companies owned by Victoria and David.

In effect the couple are simply moving the profits between themselves.

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