Victoria Beckham has revealed that the significant financial losses from her namesake fashion brand led her into a period of deep distress, causing her to weep daily and strain her marriage with David Beckham. At the company’s lowest point, David expressed concerns about its survival after investing millions of his own money. Victoria admitted feeling embarrassed and sought solace in discussing the struggling business with her husband. As debts mounted, she felt like she was falling apart emotionally.
In a new Netflix documentary bearing her name, Victoria shared the intense journey of her business, stating, “This business is everything to me, it’s absolutely who I am. But It’s been a hell of a journey. I almost lost everything. And that was a dark, dark time. I used to cry before I went to work every day because I just felt like a firefighter.”
The couple found themselves tens of millions in debt, prompting difficult conversations about the future of the brand. Victoria described the challenges faced by the company, attributing the losses to overspending and financial mismanagement. David emphasized the strain it placed on their relationship, with Victoria’s pride making it hard for her to ask for more financial support.
Issues arose as the brand aimed to establish a strong presence in the fashion world while struggling financially. However, a turning point came when Victoria partnered with David Belhassen, who initially hesitated due to the brand’s financial struggles. Belhassen recognized the need for significant changes, including cutting extravagant expenses like costly office plants and unnecessary services.
Victoria acknowledged the need for restructuring and taking accountability for past decisions, admitting to losing her way in managing the business. Despite the challenges, the brand received praise for its designs and eventually saw success, as highlighted in a triumphant display at Paris Fashion Week.
The documentary series concludes with Victoria and David reflecting on their journey and contemplating the future. While Victoria expresses pride in her accomplishments, she remains ambitious and determined to continue building her brand. The series is available for viewing on Netflix.