Close X
Friday, November 15, 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

Adele Admits She Is 'Frightened' Of Fame

Singer Adele has revealed that watching the tragic decline of late singer Amy Winehouse left her frightened of fame.

Adele Admits She Is 'Frightened' Of Fame

J.K. Rowling Reveals Why Harry Potter Named His Son After Snape

J.K. Rowling Reveals Why Harry Potter Named His Son After Snape
Author J.K. Rowling has revealed that the reason Harry Potter named his son after character Snape was that it was a mark of gratitude to the former Potions teacher and Hogwarts' headmaster.

J.K. Rowling Reveals Why Harry Potter Named His Son After Snape

Selena Gomez Prefers Older Men

Singer Selena Gomez has revealed that she would love to date older men.

Selena Gomez Prefers Older Men

Britney Spears Is The Queen: Adele

Grammy-winning singer Adele says pop star Britney Spears is the "queen".

Britney Spears Is The Queen: Adele

Who Needs A Magazine Cover? Sofia Vergara Scores By Sharing Her Wedding Photos On Instagram

Newlyweds Sofia Vergara and Joe Manganiello might have cashed in by selling their wedding photos to a celebrity magazine, but instead they posted the pictures online, and the benefits could be priceless.

Who Needs A Magazine Cover? Sofia Vergara Scores By Sharing Her Wedding Photos On Instagram

Kim Kardashian May Undergo C-Section

Kim Kardashian May Undergo C-Section
Reality TV star Kim Kardashian, who is expecting her second child, has been warned she may need a caesarean section, as her baby is breech.

Kim Kardashian May Undergo C-Section