David Beckham to the rescue of Victoria's fashion business

Despite the convention advising against mixing love and business, reality is that singer turned into fashion designer Victoria Beckham couldn´t have found a better financial partner that her partner in life.

As per the accounts lodged at Companies House for fiscal year 2014, ownership of the fashion company is split equally between Victoria, David and Fuller’s company XIX Management.

On the Beckham’s business side, Victoria controls a large stake in the main holding company for her and David’s business ventures, Beckham Brand Holdings (BBH), which in turn contains Victoria’s fashion business along with another branch of the couple’s financial empire.

Reality is that, up to date, not only the namesake fashion brand made a 4 million pounds loss in 2014, but its debts mount up to 17 million pounds. Most of the increase was due to a sum of 7 million pounds owed to other parts of the Beckham business empire, as reflected on the accounts for FY14.

Commenting the figures, a spokesman from BBH said: “The group performance so far is strong and to plan. Sales at Victoria Beckham Limited are up 30 percent and DB Ventures had one of its best-ever years.”

Victoria Beckham Limited (VBL), would have made a near 4 million pounds loss in 2014 without the investment from David Beckham.

Looking ahead and according to the ‘Daily Mail’, VB is expected to make another loss for 2015, because it is investing for the long-term, including opening a new store in Hong Kong this week. She is also hiring more staff to work at her studio in Battersea, South London.

“She is creating jobs and paying UK taxes,” says one associate quoted by the London paper. The same source adds that “She is investing for the long term and doesn’t need short-term profitability. Over time she will prove her critics wrong.”