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Victoria Beckham borrows £6.4million in desperate bid to save her ailing fashion business after racking up huge losses

VICTORIA Beckham is set to take a £6.4million lifeline to save her ailing fashion business.

The former Spice Girl has been offered the loan after her firm racked up £42million losses over four years.

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Victoria Beckham is set to take a £6.4million lifeline to save her ailing fashion business[/caption]

This week’s deal — backed by a private “investment agreement” — should allow Posh to retain control of flagship Victoria Beckham Ltd.

If the cash from Luxembourg-based London Investments Sarl is not repaid, it could be converted into shares in VB Ltd.

But a financial expert said: “Posh wouldn’t want to relinquish any more control in a business which is formed in her name. Yet desperate times require desperate measures. The move will secure a much-needed cash injection — and after racking up record losses last year of some £12million they can’t afford not to do something radical.”

London Investments put £30million into the business in 2017 for a 28 per cent share.

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Victoria has been offered the loan after her fashion business racked up £42million losses over four years.[/caption]


Its latest cash injection was revealed in new records published this week, as a major restructuring of the business was announced.

It comes after Victoria Beckham Ltd last year had to be bailed out with £16million by a mystery shareholder, thought to be Posh’s husband David.

The Beckhams currently control 48.4 per cent of shares while their friend and business partner Simon Fuller owns 23.6 per cent.

AFP or licensors

If the cash from Luxembourg-based London Investments Sarl is not repaid, it could be converted into shares in VB Ltd[/caption]

Getty Images – Getty

The latest cash injection comes after Victoria Beckham Ltd last year had to be bailed out with £16million by a mystery shareholder, thought to be Posh’s husband David[/caption]

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