Her high-end fashion company has reportedly racked up a total of £66.3m in debt since its launch.
And now Victoria Beckham has slashed the prices of hundreds of clothes in a major sale amid reported financial problems.
The 48-year-old’s website reads: ‘Explore the VB sale with up to 60 per cent off key styles’.
Trouble: Victoria Beckham has slashed the prices of hundreds of clothes in a major sale due to financial problems in her fashion and beauty empire, it has been claimed
Items including sunglasses, coats, gym wear and dresses are included in the online deals.
For example, a green dress in the sale section is 40 per cent off from £990 to £594, while a camel coat is also 40 per cent off from £1,590 to £954.
MailOnline has contacted a representative for Victoria for comment.
It comes after it was revealed earlier this week that the company has reportedly racked up a total of £66.3m in debt since its launch.
Shock: The 48-year-old’s website reads: ‘Explore the VB sale with up to 60 per cent off key styles’
The fashion designer started her fashion brand in 2008 with a small collection of dresses. It quickly grew to an extensive offering that now includes handbags, coats, shoes and accessories.
According to The Mirror, the latest accounts for Victoria Beckham Holdings Ltd show it made losses of £5,887,036 in 2021, down from £8,581,944 in 2020.
It means the company’s total losses now stand at £66.3m since it was launched in 2008, and the company’s directors – including Victoria and her husband David – have not received a dividend.
The study says: ‘The loss for the year, after tax and minority interests, was £5,887,036 (2020 – a loss of £8,581,944
Shop: The fashion designer launched her fashion label in 2008 with a small collection of dresses. It quickly grew to an extensive offering that now includes handbags, coats, shoes and accessories
‘During the 2021 financial year, the ultimate shareholders made additional loans of £0.6m to the group.’
The luxury fashion business has expanded into Europe and the Middle East, with annual financial reports suggesting the brand is also expanding into new products, with the launch of leather goods and the VB Body range.
A company spokesman told MailOnline: ‘Shareholders continue to support and invest in the business for growth. The balance sheet is good, there is no bank debt.’
CEO Marie Leblanc added: ‘2021 saw the successful repositioning of Victoria Beckham Limited, and 2022 will be an even stronger year.
Power couple: Despite heavy losses, the Beckhams’ global empire has reportedly doubled its profits – raking in £11.6m in 2020.
‘We have entered a new chapter of business and our energy is focused on accelerating growth and achieving the brand’s full potential.
‘With the successful launch of leather goods in 2022 and the continued acceleration of sales growth in Beauty, we have high expectations.’
Despite heavy losses, the Beckhams’ global empire has reportedly doubled its profits. Annual accounts filed at Companies House in London show the couple made £11.6m in the year ending December 2020 despite the pandemic – compared to £4.5m in 2019.
In reports filed in 2021, auditors warned of ‘significant doubt’ about Victoria’s fashion company’s ability to continue as a going concern when it was revealed the company had racked up debts of more than £46m since it was launched.
Friends of the star said at the time that she was determined to continue with her company despite being dismissed as a vanity project by her detractors.
One said: ‘It’s what gives Victoria her identity, she loves it and despite the obvious obstacles, she’s a grafter and very passionate about it.’
In February 2021, it emerged that Mrs Beckham’s cosmetics range, which she opened in 2019, had suffered a loss of £4.7m.
A spokeswoman for Mrs Beckham said: ‘Although 2019 has been a challenging year, the business has halved its losses – a significant step towards profitability. The launch of a hugely successful cosmetics line in the same year helped increase total revenues by 7% compared to 2018, and both businesses are focused on profitable growth.
‘The showcase of the recent AW21 fashion collection has been well received by fashion critics and the cosmetics business has seen multiple sell-outs over the past few months.’
A company spokesman told MailOnline: ‘Shareholders continue to support and invest in the business for growth. The balance sheet is good, there is no bank debt’