Wednesday 18 September 2019

David and Victoria Beckham enjoy £30m payout from business empire

David and Victoria Beckham. Photo: PA
David and Victoria Beckham. Photo: PA
Victoria Beckham, left, and David Beckham with daughter Harper, right, during LFW
Victoria and David team up for a previous Armani photo. Photo: Getty
David Beckham and Victoria Beckham attend the "Charles James: Beyond Fashion" Costume Institute Gala at the Metropolitan Museum of Art on May 5, 2014 in New York City. (Photo by Andrew H. Walker/Getty Images)
Former English football player David Beckham and his wife Victoria arrive to attend the draw for UEFA Champions League football tournament at The Grimaldi Forum in Monaco on August 30, 2018. (Photo by Valery HACHE / AFP)
Former English football player David Beckham and his wife Victoria arrive to attend the draw for UEFA Champions League football tournament at The Grimaldi Forum in Monaco on August 30, 2018. (Photo by Valery HACHE / AFP)
David Beckham and Victoria Beckham attend the 60th London Evening Standard Theatre Awards at London Palladium on November 30, 2014 in London, England. (Photo by Mike Marsland/WireImage)

Ravender Sembhy

David and Victoria Beckham toasted a bumper payday last year, after banking millions in dividends from their business empire.

Accounts filed over the weekend show that the couple, along with former Spice Girls manager Simon Fuller, sucked £29.9 million (€33.1m) out of Beckham Brand Holdings, which looks after Victoria's fashion sales and David's image rights.

It comprises an £18.8 million (€20.8m) dividend paid out in 2017 and another £11.1 million (€12.3m) pocketed after the year end.

But the firm owned by the ex-England captain and his fashion designer and former Spice Girl wife saw a drop in pre-tax profits from £19.9 million (€22m) to £15.7 million (€17.43). Turnover, however, was up from £47.5 million (€52.7m) to £55.7 million (€61.8m).

David and Victoria Beckham have been married for 19 years (Chris Jackson/PA)
David and Victoria Beckham have been married for 19 years (Chris Jackson/PA)

As well as the bumper payday for the already wealthy couple, accounts show the difference in success of their respective brands.

Separate filings reveal that Mr Beckham's business, DB Ventures, booked a pre-tax profit of £26.5 million (€29.4m) in the year to December 31.

However, figures out earlier in the month showed that losses at Victoria's luxury fashion label increased by £2 million (€2.22m) as it continued to invest in the business.

The 10-year-old high-end fashion retailer posted a loss of £10.2 million (€11.3m) for 2017 compared with £8.2 million (€9.1m) a year earlier.

Last December, NEO Investment Partners invested £30 million (€33.3m)  in the business to grow the company's digital operations and bricks-and-mortar stores.

The company trades from its website, flagship store in Mayfair, London and in Hong Kong as well as from 400 stockists in more than 50 countries.

PA Media

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