Home Entertainment Victoria Beckham is facing an ultimatum over Fashion House’s monstrous $93 million debts

Victoria Beckham is facing an ultimatum over Fashion House’s monstrous $93 million debts

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Victoria Beckham is facing an ultimatum over Fashion House's monstrous $93 million debts

She has also pumped millions of dollars into her fashion and beauty Empire after it suffered a loss.

The former Spice Girls singer husband David and private equity firm Neo Investment Partners also provided an $8.8 million cash injection last year.

Of the cash boost, just under half went to her fashion label to meet working capital needs as it launches new ranges of bags and belts.

The remainder was spent on improving inventory levels Victoria Beckham Beauty, her makeup line.

David Belhassen, director of the company and founder of shareholder Neo, said work is underway to ensure the empire is built “on increasingly strong foundations”.

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