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David Beckham 'bailed out wife Victoria's fashion empire

 2016-03-13 05:14:55.0

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London:��Football star David Beckham bailed out wife Victoria's fashion empire with 5.2million pounds after designer brand lost 3.8million pounds in a year. The former Manchester United and Real Madrid footballer, 40, helped the ex-Spice Girl out in what has been described as �discounted operations�, reports dailymail.co.uk. It comes after Victoria, 41, who made a turnover of 34million pounds in 2014, set up her own store in Mayfair, London two years ago. The shop cost her nearly 3million pounds. The Director's Report said: �The contracts held by the company relating to the David Beckham brand were transferred during the year to DB Ventures Ltd, a sister company of David Beckham Brand Holdings Ltd which is focused on exploiting the David Beckham brand.� Chartered accountant and tax lecturer Robert Leach told The Sun: �The accounts suggest it is a transfer of operations between companies owned by Victoria and David. In effect the couple are simply moving the profits between themselves.� At the end of last year, figures revealed that David and Victoria Beckham�s earnings were said so high that their second careers are even more lucrative than their first. (IANS)

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