Close X
Monday, November 25, 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

Anoushka Shankar 'Thrilled' To Present At Grammy Awards

Anoushka is currently preparing for a world tour to support her new album "Land of Gold", expected to release globally by the end of March. 

Anoushka Shankar 'Thrilled' To Present At Grammy Awards

'Queen of Snapchat'And Playboy Model Katie May Dead At 34

'Queen of Snapchat'And Playboy Model Katie May Dead At 34
The model, known as the 'Queen of Snapchat', was hospitalised before she was finally taken off life support

'Queen of Snapchat'And Playboy Model Katie May Dead At 34

James Franco making movie based on Twitter saga

Actor James Franco will be directing and producing a movie following stripper Aziah King’s wild and dangerous road trip to Florida which she shared on the social media through tweets.

James Franco making movie based on Twitter saga

Celine Dion Speaks For 1st Time About Late Husband

Celine Dion said her husband kept her grounded and protected her from the gritty business details of her superstar career.

Celine Dion Speaks For 1st Time About Late Husband

Nicole Kidman Removes Her 'Toxic' Breast Implants

Actress Nicole Kidman has reportedly got her "toxic" breast implants removed as a part of a new health regimen.

Nicole Kidman Removes Her 'Toxic' Breast Implants

Caitlyn Jenner Reveals Secret Breast Reduction Surgery

Caitlyn Jenner Reveals Secret Breast Reduction Surgery
Reality TV star Caitlyn Jenner had secret breast reduction surgery over 20 years ago.

Caitlyn Jenner Reveals Secret Breast Reduction Surgery