Close X
Tuesday, November 19, 2024
ADVT 
Hollywood

David Beckham 'Bailed Out Wife Victoria's Fashion Empire

Darpan News Desk IANS, 13 Mar, 2016 02:13 PM
  • David Beckham 'Bailed Out Wife Victoria's Fashion Empire
Football star David Beckham bailed out wife Victoria's fashion empire with 5.2million pounds after designer brand lost 3.8million pounds in a year.
 
The former Manchester United and Real Madrid footballer, 40, helped the ex-Spice Girl out in what has been described as “discounted operations”, reports dailymail.co.uk.
 
It comes after Victoria, 41, who made a turnover of 34million pounds in 2014, set up her own store in Mayfair, London two years ago.
 
The shop cost her nearly 3million pounds.
 
The Director's Report said: “The contracts held by the company relating to the David Beckham brand were transferred during the year to DB Ventures Ltd, a sister company of David Beckham Brand Holdings Ltd which is focused on exploiting the David Beckham brand.”
 
Chartered accountant and tax lecturer Robert Leach told The Sun: “The accounts suggest it is a transfer of operations between companies owned by Victoria and David. In effect the couple are simply moving the profits between themselves.”
 
At the end of last year, figures revealed that David and Victoria Beckham’s earnings were said so high that their second careers are even more lucrative than their first. 

MORE Hollywood ARTICLES

Apple Changes Policies After Taylor Swift's Criticism

Less than 24 hours after chart-topping singer Taylor Swift criticised Apple for not paying royalties to artists during the three-month free-trial period for its new Apple Music service, the policy was changed.

Apple Changes Policies After Taylor Swift's Criticism

Kanye West Finds Kim's Pregnancy Body 'Sexy'

Kanye West Finds Kim's Pregnancy Body 'Sexy'
She knows there are going to be haters talking about what she should and should not be wearing but she does not care. The only person she cares about impressing is Kanye and he loves it when she shows off all her curves. 

Kanye West Finds Kim's Pregnancy Body 'Sexy'

Lindsay Lohan Loves 'Fearless' Madonna

When it comes to her own outfits, the 28-year-old star loves to experiment with different looks. She says her style changes every day depending on her mood

Lindsay Lohan Loves 'Fearless' Madonna

Justin Bieber Slammed For Wearing A Metallica T-Shirt

Justin Bieber Slammed For Wearing A Metallica T-Shirt
The 21-year-old, who for many is the undisputed prince of pop, found himself blasted by fans of the band when he shared a snap on Instagram

Justin Bieber Slammed For Wearing A Metallica T-Shirt

Iggy Azalea Picks Demi Lovato As Bridesmaid

Singer Iggy Azalea has chosen Demi Lovato as a bridesmaid for her upcoming marriage to basketball player Nick Young.

Iggy Azalea Picks Demi Lovato As Bridesmaid

TV Gave Halle Berry A Tough Time

Actress Halle Berry had no idea how hard it was to work in the TV industry until she shot the first series of “Extant”.

TV Gave Halle Berry A Tough Time