Victoria Beckham's fashion business is reported to have been handed a £6.4 million lifeline after racking up 'huge losses.' Last year, the high end fashion chain lost £12.3million in 12 months due to a sales 'plateau.' This week Victoria's empire is said to have been supported by a private 'investment agreement', sources have disclosed to The Sun, that will allow Posh to keep control of Victoria Beckham ltd.
A financial expert told the paper "desperate times require desperate measures." Losses at Victoria Beckham Ltd grew by 20% in the year following December 2018, the Mirror previously reported.
Ralph Toledano, the chairman of the business, said sales of its clothing and accessories had stagnated during the period after years of growth.
Read more on mirror.co.uk
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