Despite having a brand that’s well known across countries, Victoria Beckham seems to have been hit with a financial woe of catastrophic proportions.
The entire thing has been revealed by a well placed insider that just spoke to Closer magazine.
According to the report Vic has come to the point where she’s looking to sell her brand that is facing “continued liabilities, widening losses and a negative net worth”.
This has left her feeling ‘humiliated’ its being said because “anyone reading the paperwork can see the pressure.”
Also even though “this isn’t unusual for luxury brands, but Victoria’s label has carried that burden for a long time. People are starting to wonder how much longer the family can keep supporting it.”
This has left Vic completely ‘devastated’ because “the brand means everything to her,” the insider admits. “She’s embarrassed the business is still struggling, especially after filming the documentary.”
Because “she thought that chapter was behind her, but it’s happening all over again. She’s under no illusions though – the numbers aren’t easy to ignore,” they also warned.
Hence, she’s been forced to consider a figure and Victoria is aiming for around £350 million.
“That’s the sales figure being floated,” the source admitted near the end. Even though “it’s ambitious, but that’s the dream scenario. She wants a buyer who sees long-term potential. And, frankly, she needs the deal.”
