Victoria Beckham’s clothes flogged for up to 70 per cent off after company racks up £54million debt
VICTORIA Beckham’s swanky clothes are being flogged for up to 70 per cent off as it emerged her fashion company is nearly £54million in debt.
The 48-year-old’s brand and make-up line racked up losses of £15.6million in 2019 and haemorrhaged £6.6million more in 2020.
It leaves the business £53.9million in debt, more than half of it to Posh and husband David’s other businesses.
Shoppers can also snap up her designer gear at knockdown prices.
Luxury online discount store The Outnet has at least 30 per cent off all items in her range.
But it has many tops, skirts, blouses, coats and dresses with 70 per cent reductions. One open-backed £1,845 turtleneck midi-dress is a snip at £554.
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The brand’s woes are down to Covid lockdowns, a report says. Her beauty range also recorded a £4.7million loss in February 2021.
But the couple’s wider business empire reportedly doubled its profits to £11.6million in 2020.
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