Goldenbails
Becks hands Victoria’s fashion firm €26m after another year of losses
Victoria shows off Reebok range
Despite her luxury clothes being worn by stars including Meghan Markle, Lady Gaga, Amy Adams and Kendall Jenner, Victoria’s firm lost €11.5million.
So Goldenballs’ company DB Ventures gave it a €7.6million cash injection and guaranteed a loan of €4.6million.
Another company they own is owed €14million by Victoria Beckham Ltd, accounts for 2017 filed last December show.
The ex-spice Girl, 44, Alan with part of huge collection A SPICE Girls superfan has gone bust owing 60 creditors €490,000 after his touring show flopped. Alan Smith-allison’s Spiceup Exhibition launched last August and was scheduled to travel around the UK for two years before visiting Europe, America and Asia. Around 20,000 visited over founded the luxury design firm in 2008 but – despite sales of €195million by 2016 – it broke even in only four financial years. A spokesman last year blamed big investments in “design, marketing and sales.” Last April, Victoria slashed staff numbers by a third and saw a boost in sales. She halved prices in her January sales – a Husband David €2,887 leopard print split-sleeve coat was on sale for €1,443 and a €1,776 drape neck midi dress for €887.
The revelations come as Victoria launches a tie-in with Reebok – but her workout gear is up to 10 times the cost of similar items in their range.
She posed in the Reebok x Victoria Beckham range where jogging bottoms are €255 and a pair of socks is €40.
One fan quipped: “I’d have to remortgage my house.” Mum-of-four Victoria three weeks in London but only 10,000 bought tickets when it went to Manchester. The 37-year-old – who calls himself a “self-employed entrepreneur” – said: “It’s a massive shame it didn’t work out. “I’m absolutely gutted we owe money to these people. I’ve lost everything too. It’s devastating.” Print firm Onward Display is owed €8,000. Owner Ian Stanton said: “We’re just one of many, many of people who did work for this man and never got paid. “One of my team joked he was No Dosh Spice. He’s taken us all for a ride for almost half a million. Now we wannabe paid. ” ITV host Rylan Clark-neal donated money towards the €45,000 refit of the Spice World movie bus for the tour. He said: “As a massive fan of the Spice Girls I wanted to help out. It’s sad to know it won’t continue.” Alan hopes to raise some cash by selling his collection of thousands of props, costumes and memorabilia on ebay. Geri’s stage costumes are priced at €2,250 – and Posh Spice’s stilettos at €250. has even hinted she may join Emma Bunton, Mel B, Mel C and Geri Horner on stage when their Spice Girls reunion kicks off in May.
She admitted it was “difficult to say no” adding: “I’m so proud of everything I achieved and I’m proud of them, I can’t wait to take my kids and see it. In spirit I will absolutely be there with them.”
Asked if she would jump on stage, she replied: “I mean I don’t know. Let’s see.”
Fortunately David, 43, can afford to support his wife’s business – he paid himself €21.69million after making a profit of €26million in the same period.
Last night the Beckhams declined to comment. scoops@sundaymirror.co.uk Walter White Katlyn Alix