Firm behind David Beckham’s upmarket fashion venture is £18MILLION in debt

The Sun Lifestyle 1 week ago

THE firm behind David Beckham’s fashion venture is £18million in the red, accounts show.

Trinity Brands UK Ltd, owner of upmarket Kent & Curwen, amassed the losses over three years.

Designer Daniel Kearns with David Beckham at the Kent & Curwen SS18 LFWM show

Becks, 44, was brought in to be the face of the brand, to help design clothes and drive online sales. But TBUK’s poor figures mean staff numbers have been slashed by nearly a third and salary costs more than halved to £1.8million.

The brand has started selling in an East London outlet store, knocking up to 70 per cent off its sports fashion wear. An “outlet page” on its website is selling a cricket sweater reduced to £140 from £350 and Scout-style shorts for £60, down from £150.

In January, Kent & Curwen launched a range in collaboration with TV’s Peaky Blinders.

In the company report directors said that TBUK’s parent company Trinity Limited will have to give it money to keep it going.

Beckham signed a five-year global licensing agreement with Kent and Curwen in 2015.

Both Becks and Posh’s fashion ventures are in the red

His wife Victoria’s fashion business has also hit trouble.

She had an operating loss of £10.2million in 2017 compared with £8.2million the year before and losses since 2013.

Brand Beckham, which sees the couple rake in fortunes in endorsements, is still said to be worth almost £800million.

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