Is It All Smoke and Mirrors at Victoria Beckham?
What if we told you that Victoria Beckham the brand isn’t doing well.That its losses last year were 8.5 million pounds, and that she still got paid 700,000 pounds in design fees…After a round of aggressive fundraising last year Victorian Beckham was nourished with a large sum of money and new investors.
As part of the brand strategy going forward the investors have chosen to axe 30% of the workforce at VB, a whopping 60 jobs.With little knowledge and notice of the redundancies there has been growing anger over the upheaval and even more regarding the 43 year old designer’s absence when the news was made official.
A source close to the company has stated that, “She hasn’t handled this well, and the stuff are raging. She is blaming the consultants, rather than thinking it is her fault…The fact is, she doesn’t know what she’s doing and that’s why the backers have decided to act. The anger is mounting also because the staff know how much she pays herself.’