‘YOU BLEW ALL OUR MONEY!’
With Victoria’s fashion line haemorrhaging cash, the Beckhams’ marriage is teetering on the brink
Victoria Beckham worked hard to leave her days as a member of the Spice Girls behind her, and went on to create a high-end fashion label and an A-list life she could only have dreamed of. However it seems she’s had trouble balancing her chequebook – and her profit margins have plunged lower than some of her necklines.
Sources tell Woman’s Day Victoria, 45, and her husband of 20 years David, 44, are humiliated after the UK press last week revealed her fashion brand is $23.3 million in the red for the 2018 financial year, bringing her total debt to $80.4 million since launching her designs 11 years ago.
DIRTY LAUNDRY
David is said to have bailed his wife out with chunks of cash from his own company almost every year. “Victoria is devastated that all her dirty laundry has been hung out to dry in front of the world,” says our source.
“She spent so long making sure her label was the cream of the crop. In marketing terms, it was. She had the support of Eva Longoria, Gwyneth Paltrow, Anna Wintour [ US Vogue editor], plus a social media following a lot of designers would envy. But it never translated to sales with regular customers.”
David begged her to make her lines more accessible to the average buyer, especially after he found out she had Victoria Beckham key rings at $372, says our source.
“That’s outrageous whatever way you look at it, and he said as much. She flatly refused his advice every time, but that didn’t stop her coming to him begging for money when things started rapidly going downhill.
“Even when their marriage was holding on by a thread she never hesitated going to him with her cap in hand. David never says no, but he’s starting to resent it at a time when they’re supposed to be working on their marriage.”
SHUTTING UP SHOP
It seems former soccer star David is in the same financial boat – DB Ventures’ profits for 2018 halved to $22 million.
An insider reveals Victoria finally concedes it might be time to end her fashion empire. “This has been a real blow to her ego and she feels like a failure,” says the source. “She’s
fretting over whether to cut and run, but she’s embarrassed to be the side of her family brand letting the team down.”
Victoria doesn’t seem to be leaning on her husband for emotional support, either. As Woman’s Day reported last week, he was seen getting cosy with Game Of Thrones star Emilia Clarke in San Francisco at a Fleetwood Mac concert, before jetting to England to see his family. Victoria, meanwhile, partied with her best friend Eva Longoria in LA. “Their marriage was struggling before this, thanks to their increasingly separate lives and his penchant for flirting with other women.
‘Financial situations put pressure on any married couple…’
“A lot of their friends assumed they were only together to keep their mutual brand alive,” says our insider. “Now the entire world knows Brand Beckham is in dire straits, it also shows that’s one less thing keeping them together. Financial situations put pressure on any married couple, let alone one that’s just been holding on for years. It won’t be a surprise to anyone if they don’t survive this.”