VICTORIA BECKHAM'S FASHION HOUSE MAY GO BANKRUPT DUE TO DEBTS

It is noted that in 2019 the company lost 15.6 million, and in 2020 – 6.6 million pounds. Western experts emphasize that the losses are especially high, given the fact that the fashion house sells jumpers for 500 pounds (37 thousand rubles), and jeans for 400 pounds (30 thousand rubles).

The total revenue of the Beckham fashion house fell by 6%.

The consequences of the coronavirus pandemic are indicated as the reasons. At the same time, it is added that Beckham is expanding the range of products in the field of skin care.

Despite the large losses, the profit also increased to 11.6 million pounds. As a result of financial problems, the company was able to take control of the situation and reduce operating losses by 57%. This was due to the revision of the business model and cost optimization.

The Beckhams' personal fortune has also grown – in 2020 they were able to earn 15 million pounds on dividends, paying 2.5 million taxes. It is known that the main income came from cooperation with Adidas, the manufacturer of Haig whiskey and Tudor watches.

Recall that Victoria Beckham's fashion house itself specializes in premium goods.