victoria beckham: The backlash
Her company losses were made public and she’s sent the lawyers in to stop the Spice Girls reunion… Suddenly Victoria’s not so popular any more
The new year isn’t shaping up to be quite the one Victoria Beckham wanted… While our New Year’s resolutions have long since waned, Victoria Beckham might be considering a bit of a change in strategy for February. A do-over, if you will. January 2017 has ended up being quite a busy month for the designer – however, instead of the usual pre-fashion Week chaos of missing samples and last-minute meetings, Victoria’s experiencing drama of another kind.
Following the public revelations that her company had to be ‘bailed out’ by her husband David’s to prevent a loss of ‘millions’, it was revealed that Victoria, 42, has been speaking to lawyers about the Spice Girls reunion – something that’s left fans of the band feeling a tad bitter. ‘Posh would not be missed’ is just one comment from several online.
‘Victoria’s a bag of nerves at the moment,’ says a source close to the star. ‘There have been a lot of tears. She’s just trying to protect herself, but the fans can’t seem to see that.’
The Spice Girls were set to re-form later this year for a series of gigs, under the acronym GEM (Geri, Emma, Mel B) after Mel C also declined to join them. Geri Horner subsequently announced her pregnancy and revealed she would no longer be part of it – but it was Victoria who was labelled a ‘bitch’ by Mel B in a TV interview. The group last reunited for the London 2012 opening ceremony and Victoria vowed that would be the very last time – and she wants to keep her word.
‘Vic’s really upset the legal part has all come out,’ says a source. ‘Of course she doesn’t want to upset her old friends. But when it was suggested that GEM would be performing new songs and Spice Girls songs, the advice she had was that she had to protect the Spice Girls’ legacy and her own interests. That meant getting the lawyers involved.’
We’re told that her decision was based on the fact that she co-owns the companies that hold the song rights to Spice Girls hits such as Say You’ll Be There.
The backlash has been seriously painful for Victoria, who was hoping to move on – especially with another new collection launch in February, which she hopes will silence critics who’ve been made aware of her financial losses since last season.
In 2014, Victoria would have lost approximately £4m – apparently down to huge expansion in her overseas stores – if she hadn’t been helped by David’s company; in 2015, she made a loss of £4.6m while owing a company in David’s name over £7m. Despite the reports, a representative for Beckham Brand Holdings said: ‘This misrepresents how their businesses operate. There is a private holding company (Beckham Brand Holdings Ltd), owned equally by Victoria, David and Simon Fuller’s XIX, that oversees all the Beckham businesses, which reports a substantial profit for 2015.’
It’s still quite a bitter pill for the designer to swallow as more pour scorn on her ‘vanity project’.
‘She’s always on tenterhooks when a new collection is in the offing and this season she’s taken a few risks with her designs,’ says our source. ‘‘The stress of producing new ranges all the time is really showing and it’s taken quite a toll on her home life. She’s mortified that they’ve had to bail her business out financially yet again, and is putting massive pressure on herself.’
It’s also said to be causing tension between her and David, 41. ‘With her interests in America and China growing all the time, she’s hardly got any spare time at all,’ says another friend. ‘That’s why she makes such a big deal of having amazing family holidays.’
The Beckhams recently spent Christmas together in the Maldives, as Victoria knows she’ll soon be busy with Fashion Week. It’s making us worried, VB – you need to chill.
One thing that might help is the family’s plan to finally settle down. They’ve been househunting in Miami, but Victoria’s apparently fallen in love with a £5m house in the Cotswolds.
‘The talk of moving to the Cotswolds is probably a bit premature, but that’s definitely David’s dream. He really wants them to have a place they can run away to where it’s totally relaxed and away from work,’ our source reveals. ‘But while I know they love one place in particular, privacy is so important to them that they’ll probably have to keep looking for a bit longer.’
There have been tears. She’s just trying to protect herself
They’re said to be planning a Cotswolds move
With Fashion Week coming up, Vic’s busier than ever