Victoria Beckham's debt woes: Fashion Label reels under debts amounting to £54 million
Victoria Beckham's fashion empire selling high-end fashion goods has run into trouble with massive debts due to the global pandemic.
By ET Spotlight Special | Updated:
Agencies
Victoria Beckham, known as Posh spice from the famous girl's group Spice Girls, has been running her fashion label, which sells exclusive fashion clothing. The fashion empire has reportedly run into massive debts of £54 Million, owing huge amounts to lenders.
According to a report, owing to the global pandemic, the total revenues made by the Victoria Beckham Holdings Group sank 6% to £36.1m (2019 – £38.3m).
The loss came although the brand sells jumpers and jeans worth £500. However, the global empire jointly held by David and Victoria booked almost double profits worth £11.6 million in 2020.
UK to hold days-long bash to celebrate queen's 70-year reign
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Britain is getting ready for a party featuring mounted troops, solemn prayers — and a pack of dancing mechanical corgis.
The nation will celebrate Queen Elizabeth II’s 70 years on the throne this week with four days of pomp and pageantry in central London. But behind the brass bands, street parties and a planned appearance by the aging queen on the balcony of Buckingham Palac e lies a drive to show that the royal family still remains relevant after seven decades of change.
Britain is getting ready for a party featuring mounted troops, solemn prayers — and a pack of dancing mechanical corgis.The nation will celebrate Queen Elizabeth II’s 70 years on the throne this week..
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“The monarchy is not elected, so the only way in which a monarch can demonstrate consent is not through the ballot box, but through people turning out on the streets,” said Robert Lacey, the historical adviser on “The Crown? series. “And if the monarch turns up on the balcony and waves and there’s no one there, that’s a pretty definitive judgment on the monarchy.
"Well, when it comes to Elizabeth, the opposite has been the case. People can’t wait to mass and cheer together,” he added.
“The monarchy is not elected, so the only way in which a monarch can demonstrate consent is not through the ballot box, but through people turning out on the streets,” said Robert Lacey, the historic..
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And the royals, sometimes criticized as out of touch with modern Britain, want to show that their support comes from all parts of a society that has become more multicultural amid immigration from the Caribbean, South Asia and Eastern Europe.
And the royals, sometimes criticized as out of touch with modern Britain, want to show that their support comes from all parts of a society that has become more multicultural amid immigration from th..
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As part of the jubilee pageant, dancers from London's African-Caribbean community will don costumes of giant flamingos, zebras and giraffes to re-imagine the moment in 1952 when Princess Elizabeth learned she had become queen while visiting a game park in Kenya. Another group will recall the queen’s 1947 marriage to Prince Philip and celebrate weddings around the Commonwealth with Bollywood-style dancing.
As part of the jubilee pageant, dancers from London's African-Caribbean community will don costumes of giant flamingos, zebras and giraffes to re-imagine the moment in 1952 when Princess Elizabeth le..
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The jubilee is an opportunity for the royals to demonstrate their commitment to change and diversity, something the queen has embodied as she traveled the world over the last 70 years, said Emily Nash, royal editor of HELLO! magazine.
The jubilee is an opportunity for the royals to demonstrate their commitment to change and diversity, something the queen has embodied as she traveled the world over the last 70 years, said Emily Nas..
The couple enjoyed total dividends worth £ 15 million and paid taxes worth £2 million.
The Group claims to have controlled its expenses in response to the pandemic leading to a considerable reduction in operational losses by 57 per cent. The Group recalibrated its business model to make it cost-effective and sustain it long-term.
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The former spice girl is continuously expanding the Victoria Beckham Beauty portfolio by making many products launches this year, which were not only successful but best in the class of luxury beauty and skincare.