Close X
Thursday, November 14, 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

Jennifer Lawrence to play Castro's lover in 'Marita'

Actress Jennifer Lawrence will star in upcoming film “Marita" - about Marita Lorenz who had an affair with Fidel Castro and was involved in a CIA assassination attempt on the Cuban leader.

Jennifer Lawrence to play Castro's lover in 'Marita'

B.C. Child Star Jacob Tremblay's Hollywood Success Comes As No Surprise, Say Colleagues

B.C. Child Star Jacob Tremblay's Hollywood Success Comes As No Surprise, Say Colleagues
Tremblay took home the award for Best Young Actor last weekend for his performance alongside Brie Larson in the movie "Room," written by Irish-Canadian playwright Emma Donoghue.

B.C. Child Star Jacob Tremblay's Hollywood Success Comes As No Surprise, Say Colleagues

Celine Dion Won't Sing At Husband's Funeral

Celine Dion Won't Sing At Husband's Funeral
The 73-year-old music manager's memorial will take place on Friday here at the Notre-Dame Basilica, where he and Celine got married 21 years ago. 

Celine Dion Won't Sing At Husband's Funeral

Caitlyn Jenner Is Planning A Memoir

Caitlyn Jenner Is Planning A Memoir
The book, currently untitled, will be co-written by "Friday Night Lights" author Buzz Bissinger, who wrote a Vanity Fair cover story about Jenner.

Caitlyn Jenner Is Planning A Memoir

Wasn't drunk during Kentucky concert: Madonna

Singer Madonna has termed allegations of being drunk during her Kentucky concert as "sexist", and said she never drinks before a live performance.

Wasn't drunk during Kentucky concert: Madonna

Academy President 'Heartbroken' Over Lack Of Diversity In Oscars

Academy President 'Heartbroken' Over Lack Of Diversity In Oscars
This is a difficult but important conversation, and it’s time for big changes

Academy President 'Heartbroken' Over Lack Of Diversity In Oscars