Victoria Beckham’s high-end fashion company ‘has debts over £53,000,000’

The way forward for Victoria Beckham’s style label is unsure (Image: Marc Piasecki / GC Photographs)

Victoria Beckham’s high-end style label has money owed of £53.9million and doubts have been forged over its future, in keeping with studies.

The 48-year-old designer and spouse of former England footballer David Beckham first launched her style line in 2008.

Beginning with only a single line of attire, the model has now expanded into a variety of things with a hefty price ticket with merchandise together with £400 denims and £500 jumpers.

The designer model and her new make-up agency misplaced £6.6million in 2020, and in 2019 it had £15.6m in money owed in keeping with accounts filed with Firms Home.

The corporate at present has money owed of £53.9m, with £29m owed to the Beckhams’ different enterprise ventures.

A spokeswoman for Victoria confirmed the figures for her style label have been correct in an announcement to The Mirror, citing the Covid-19 pandemic as the explanation for the losses.

Victoria launched her first style assortment in 2008 with only a small line of attire (Image: WireImage)

The Covid-19 pandemic has been blamed for the losses in Victoria’s companies (Image: Corbis through Getty Photographs)

A report mentioned: ‘Complete revenues for the Victoria Beckham Holdings group fell 6% to £36.1m (2019 – £38.3m) as a result of results of the worldwide pandemic.

‘This group quickly responded to the results of the pandemic and managed its money and expenditure which led to a major discount in its working losses by 57%, due to value efficiencies throughout the enterprise and the recalibration of its enterprise mannequin to make it sustainable for the long run.

‘Victoria Beckham Magnificence continues to develop its portfolio with quite a lot of profitable product launches on this yr with greatest at school in clear luxurious magnificence and skincare.’

Moreover, it emerged in February 2021 that Victoria’s magnificence vary she arrange in 2019 had suffered a lack of £4.7million.

The Beckham’s made a revenue total regardless of losses in Victoria’s firms (Image: Getty Photographs for YouTube)

Regardless of the losses, the Beckham’s world empire reportedly doubled its earnings, raking in £11.6million, in keeping with accounts filed with Firms Home in London.

The pair took out whole dividends of £15million and paid £2.5million in tax.

A lot of the revenue was from David’s tie-ins with companies like Adidas, Tudor and Haig whisky.

It is a vital leap in comparison with £4.5million earnings recorded again in 2019.