Victoria Beckham Remembers Feeling “Really, Really Desperate” to Save Fashion Label Amid “Tens of Millions” of Debt

The Gist

• Victoria Beckham’s new Netflix docuseries details her journey from pop superstar to fashion mogul.

• In the series, she opens up about her fashion line falling into tens of millions pounds of debt in the 2010s.

• “I really, really desperate,” she recalls in the show.

It’s hard to imagine that Victoria Beckham was ever anything but successful. After her and fellow Spice Girls members rocketed to the top of the charts in the ’90s and early 2000s, Victoria founded a hugely successful fashion line. Her dresses have been worn by the likes of Lady Gaga, Sarah Jessica Parker, and Keira Knightley, and her brand reported record profits of £112.7 million in 2024.

However, the road from pop sensation to fashion mogul wasn’t quite as smooth as it may seem. This bumpy transition is the focus of the new Netflix docuseries, Victoria Beckham. In the three-part series, Victoria and her husband David detail the difficulties she faced while launching and growing her brand to become profitable. Initially, she wasn’t taken seriously by the fashion world. Her difficulties only mounted when the brand fell deeper and deeper into debt until it was “millions of pounds in the red” by 2017.

“The brand was growing and we were getting great reviews. That felt good,” Victoria explains in the second episode of the series. “Everything looked great from the outside, but the reality was it was slipping through my fingers.”

But despite good reviews, the business was losing money. Her husband, David, was investing to keep things afloat. “It made me panic. I was panicked by it,” he admits. “Because I never saw anything coming back.”

Victoria began to feel out of control. “I didn’t know what to do. And I was so desperate to save this business that I cared so much about,” she says. “I felt, if I’m being completely honest, like I was breaking down myself. And I knew [the financial turmoil] was public knowledge. I felt embarrassed, but it’s fact. It’s fact. It wasn’t an opinion of anyone. It wasn’t anyone being unkind, it was a fact and I had to just take it on the chin. I was in a hole, I felt like I was in quicksand.”

Eventually, things got to a point where she was “really, really desperate.”

Victoria eventually teamed up with business partner David Belhassen, who invested £30 million in the fashion line in 2017 and helped it become the successful brand it is today.

Read the original article on InStyle