January 4. 2020

David Beckham and Victoria Beckham

Former football player David Beckham is losing millions of dollars due to his wife's ambition's to be a fashion figurehead. I state figurehead, because she is not designing the clothes, but is taking credit for other people's designs, whom she employs and ripping off established brands (Victoria Beckham Labeled A Fraud).

A recent report in the Daily Mail newspaper revealed the Beckhams lost £36,000,000 ($48,000,000) due to Victoria's fashion label that has never turned a profit in the decade it has been opened. Beckham was forced to fire employees last year (Victoria Beckham's Derivative Fashion Line Is Going Bankrupt And Fires 60 Workers). Recently, she was told she must fire her chauffeur and cut back on spending regarding expensive items for the office.

At what point does one drop the vanity. At what point do you consider your children's financial future. The Beckham's live lavishly. Losing nearly $50,000,000 and counting on a fashion line is unwise. The fashion line has the potential to strip away their entire fortune in a matter of years. They will lose their homes, cars and furnishings if this continues.

Victoria Beckham

The Daily Mail stated, "This comes as profits from her husband David's company DB Ventures halved over the span of a year, from £23.2 million in 2017 to £11.5 million in 2018. David, 44, is thought to have lent his wife Victoria, 45, some £600,000 for her Victoria Beckham Ltd business, after he bailed out his wife's company with a £23 million cash injection in January."

These developments are not good for their marriage, which is still in trouble due to his cheating and her business troubles with the fashion line (David Beckham And Victoria Beckham’s Marriage Is In Trouble As Previously Stated On The Site).

Let's face it, the clothes in the Beckham line are strange and unattractive. The line has weird patterns, tops with overly long sleeves and hemlines, and trousers that drag along the ground, getting unnecessarily dirty and thread worn. Beckham's clothes are often dragging on the floor. It's not attractive or practical.

The Beckham's on the cover of Vogue without David as the couple have been having marriage problems

Then there's the pricing. Beckham has delusions of grandeur. She has priced much of her clothes to be in the high end market. Never mind she does not have the high end name. Louis Vuitton and Givenchy can charge more based on quality and their storied names.

Beckham, however, does not have that caliber of a name to be charging several hundred and sometimes thousands for items. Beckham's dresses are $3,000 and her handbags are $1,6000. Hence, them not selling. Hence her fashion line consistently being in the red, eating away at the family fortune.

It is another case of entertainers believing anything they say or do is fact. So many entertainers are now running around calling themselves billionaires when they do not have $1 billion in the bank or in assets. They grotesquely overvalue their companies and assets, even in pricing, only to end up being exposed and paying for it later.

A video still of David Beckham cooking a meal while prominently displaying a Kabbalah Center cult red string bracelet. The still is from a video he posted on his Instagram page. The Beckhams were drawn into the cult by Madonna, who pursued Victoria Beckham and Guy Ritchie, who is a friend of David Beckham. I don't know why the Beckhams got involved with that deranged cult of loons.

In this case, a part of the problem is Victoria is often publicly criticized as not having talent. I've heard comedians in Britain make jokes about her not having talent. Columnists and members of the public have done so as well. She was a rarely heard voice in the 1990s pop girl group the Spice Girls. She has a passable singing voice and can dance. However, she was not the star of the group and failed to carve out a successful solo singing career.

Then, she married Beckham, a talented footballer, who has repeatedly overshadowed her in the relationship in the eyes of the press, due to his many accomplishments in sports. David's looks also attracted a massive amount of attention, which made him the face of many established brands.

Victoria has followed some bad advice in trying to reinvent herself as a haute couture fashion designer, when she does not have the name or the chops to do so, in conduct that could leave the Beckhams broke. The question is how long is this financially disastrous charade going to continue. Considering her penchant for expensive living, becoming broke will hit her very hard.

STORY SOURCE

Victoria Beckham is 'told to ditch her chauffeur and offers to cut her salary' in a bid to help struggling fashion empire after it plunges £36m in debt

Published: 04:18 EST, 29 December 2019 | Updated: 11:58 EST, 29 December 2019 - Victoria Beckham has reportedly been forced to make dramatic cuts after her eponymous fashion label plunged £36million in debt. The designer, 45, is said to have been told she can no longer employ a chauffeur to drive her to work and even offered to take a pay cut to help her struggling business.  

'The chauffeur has gone, she's now driving herself or getting Addison Lees, and the designer plants are on the way out as their upkeep is too dear. 'Victoria is gutted but she's put everything into her fashion empire and won't give up without a fight.' According to the insider, Posh will now have to drive herself to work at her Hammersmith headquarters or to her store in Dover Street, Mayfair or get a taxi.

She is also said to have agreed to stop purchasing expensive plants and plant pots for her headquarters. Last year losses at Victoria Beckham Limited rose dramatically to £12.5million after demand for the former Spice Girl's range of £2,000 dresses and £1,000 handbags slumped...

https://www.dailymail.co.uk

Bad day for Brand Beckham: Victoria's company plunges £36m into the red after making £12.5m losses last year while David sees his firm's profits halved by £12m

Published: 04:22 EST, 27 November 2019 | Updated: 13:20 EST, 27 November 2019 - Victoria Beckham's fashion business has plunged almost £36 million into the red after making losses of £12.5 million last year, new figures have revealed today.

Her company Victoria Beckham Holdings Limited has just filed accounts for last year which show she has failed to turn round the troubled fashion empire. It has now made losses for every year since 2013. This comes as profits from her husband David's company DB Ventures halved over the span of a year, from £23.2 million in 2017 to £11.5 million in 2018.

David, 44, is thought to have lent his wife Victoria, 45, some £600,000 for her Victoria Beckham Ltd business, after he bailed out his wife's company with a £23 million cash injection in January...

   https://www.dailymail.co.uk