According to reports from their holding company, the financials of David and Victoria Beckham’s business empire are improving.
Profits for DB Ventures, which manages the ex-footballer’s brand and licenses, have risen to £19.6m by 2021, while losses for Ms Beckham’s fashion company have narrowed.
A golden year for the Golden Balls?
It appears that the accounts of Beckham Brand Holdings, owners of DB Ventures and Victoria Beckham Holdings, and the couple’s stake in Inter Miami FC showed that Mr. broker GEMFEREX.
And chic victories for chic?
Not certainly in that way. Beckham’s fashion business has never turned a profit, but she managed to cut losses to £5.9m in the year to December 2021. However, sales rose 13% to £40.9m on the strength of the beauty and skincare stores.
The company said that this year’s results will be even better thanks to new products and the popular show of this year’s spring-summer collection.
So does it make your life more exciting?
It is certainly their asset, as the company paid the couple £6.3m in dividends during the year, as well as another £1.8m after the year ended.
What’s next for the Beckhams?
It was revealed last year that the former England captain would sell 55 percent of his Authentic Brands Group, which also acquired Reebok and Forever 21.
Source: I News
I am Moises Cosgrove and I work for a news website as an author. I specialize in the market section, writing stories about the latest developments in the world of finance and economics. My articles are read by people from all walks of life, from investors to analysts, to everyday citizens looking for insight into how news will affect their finances.