It wasnt Victorias designs that were the talk of London Fashion Week.
Last week was supposed to be Victoria Beckham’s big moment. Celebrating ten years of her fashion brand, the 44 year old debuted her S/S19 collection at London Fashion Week for the first time. After saying she was “so excited” to bring the brand back home, heat can reveal that VB was left feeling like the special event had been ruined and that she’ll never be considered good enough.
As the former Spice Girl showed her milestone collection, which was well received in the fashion world, it was revealed that Victoria Beckham Limited has racked up mammoth losses of around £12million over the last eight years. Despite generating almost £170million in sales, the brand’s losses equate to roughly £4k a day, and business accounts have shown Victoria received several loans from husband David’s businesses.
“Vic tried not to let the financial reports ruin her big day – but it was really embarrassing for her,” an insider tells heat. “Everyone in the business understands it’s relatively rare that a fashion label makes money on its high-end clothes – most brands rake in the cash from cheaper diffusion lines and accessories. But the fact that VB is ten years into the business and making that much loss every day, it just makes it look like the business is a very expensive hobby for her. The losses are essentially the cost of running the London shop, which some people feel is more of a vanity project.”
And while Victoria professed her pride in the company’s success in interviews, saying, “I’m proud. I mean, I’ve gone from being in a pop group to having a successful fashion brand, and that was always a dream of mine,” behind closed doors, we’re told she was extremely upset by the story
This story is from the Issue 1006 edition of Heat.
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This story is from the Issue 1006 edition of Heat.
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