What? David Beckham's fashion brand suffers a tremendous loss worth 10.7 million euros

It is a bad spell for the former ace footballer and his wife who have suffered major losses after his company loses nearly 11 million and wife Victoria Beckham loses over 10 million euros.
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David Beckham made it big on the football field and was applauded for everything right from his good looks to amazing fashion sense. This pushed him to launch his own fashion brand - Kent & Curwen. Turns out, Beckham's Midas touch didn't work as well as people expected it to. The company, who owns his fashion brand - Trinity Brands UK, has apparently made losses of more than 10.7 million euros. The news comes just weeks after his wife, Victoria Beckham's label sank further into financial crises. 

The company has faced major losses and setbacks and had hoped that Beckham's 'golden touch' would turn their fortunes around when they signed with him around four years ago. The parent company also mentioned that getting Beckham on board, "certainly hasn't been able to stop the company slipping further into the red." But according to reports, after the news that his wife and designer Victoria Beckham's brand was also going under a loss, "the Beckham association isn't the guarantee it used to be," despite the ex-Spice Girl celebrating the 10th anniversary of her brand. 

News recently broke that over the last year Victoria Beckham's losses have increased by 2 million Euros despite the launch of a new flagship store in Mayfair and having more than 400 retail outlets in over 50 countries and having offices both in London and New York! 

The couple has incurred a huge loss together and we can't help but wonder what is in stores for them in the near future. 

What are your thoughts on the Beckhams' loss? Comment below and let us know. 

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Comments

victoria bekhams brand would do better if she made clothes for all sizes rather than designing clothes for basically size zero &other smaller sizes..majority of the women cant pull of a vctoria bekham outfit unless one is skinny like a vs model.

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