Close X
Friday, November 29, 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

Canadian Singer Michael Buble Welcomes Son

Canadian Singer Michael Buble Welcomes Son
Canadian singer Michael Buble has welcomed his second child with wife Luisana Lopilato, who is a model.

Canadian Singer Michael Buble Welcomes Son

Demi Lovato Performs At Hillary Clinton's Rally

Singer Demi Lovato extended support to Democratic presidential hopeful Hillary Clinton and delivered an impromptu performance at her rally while visiting the University of Iowa.

Demi Lovato Performs At Hillary Clinton's Rally

Iggy Azalea Planning Two Wedding Ceremonies And Wants Bejewelled White Horses At Each One

Rapper Iggy Azalea is reportedly planning two wedding ceremonies and wants "bejewelled white horses" at each one.

Iggy Azalea Planning Two Wedding Ceremonies And Wants Bejewelled White Horses At Each One

Watch: Mallika Sherawat-Starrer Music Video Unveiled

Watch: Mallika Sherawat-Starrer Music Video Unveiled
Music video “Dil kya kare (did I love you?)”, featuring actress Mallika Sherawat, was launched on Friday.

Watch: Mallika Sherawat-Starrer Music Video Unveiled

Celine Dion Breaks Down As She Mourns Late Husband

Angelil died after battling throat cancer on January 14. He was 73.

Celine Dion Breaks Down As She Mourns Late Husband

'Avatar 2' Delayed, Won't Release On Christmas 2017

Film aficionados who have been waiting for the sequel to James Cameron's "Avatar" may get disappointed as the film's sequel will release later than expected.

'Avatar 2' Delayed, Won't Release On Christmas 2017