It’s bad news for Victoria Beckham, amid sensational reports today that the former Spice Girl could be facing a cash crunch!
According to a report in Star magazine, the singer-turned-fashion designer is in big trouble after her fashion label filed a loss of US$11.2 million, up from $5.7 million in 2015.
Despite hefty cash injections from hubby David Beckham and partnering up with big brand names such as Target and Reebok, the mum of four’s fashion empire is still in the red.
“She’s not Stella McCartney. She’s a Spice Girl, and the people who want her clothes shop at H&M,” spills a source to Star.
But despite the massive loss, Victoria is refusing to call it a day.
“She can easily survive the hit as David is still raking it in. But if things don’t turn around, investors may be hard to come by, and Victoria will only have herself to blame.”
Posh has yet to respond to Star's claims.