David and Victoria Beckham paid £30m despite falling profits

The company that runs David and Victoria Beckham’s business empire paid out £30m to the couple, along with former Spice Girls manager Simon Fuller, despite profits falling by a fifth.

The Beckhams and Fuller each own a third of Beckham Brand Holdings, which in turn owns Victoria Beckham’s fashion business and the David Beckham brand. Accounts from the company show that of the £30m declared in dividends, almost £19m was paid out in 2017, up from £10.2m in 2016.

The company put in £11.7m on income and income for its 179 personnel. Éxito Beckham’s procedure utilizes 176 people, as well as the David Beckham brand 3. The business of exploiting the David Beckham name remains extremely lucrative.  The Beckham disposition is becoming pulled straight down by the underperformance of Victoria Beckham’s organization. Deficits improved from £8.5m to £10.3m last season.

Two weeks after that move, Victoria Beckham Limited raised £30m from NEO Investment Partners, which took a 28% stake in the business, to “help it enhance both its digital and physical retail presence”.

The stability linen was propped up by the successful write-off of almost £7m in financial obligations that the business due with her husband’s organization and the mother or father company. Two several weeks next move, Éxito Beckham Limited raised £30m from NEO Expense Companions, which required a 28% risk in the industry, to “help it improve both the digital and physical selling existence”.