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David and Victoria toast bumper payday

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The Beckhams enjoyed a bumper payday last year, banking millions in dividends from their business empire.

Accounts filed over the weekend show that former England captain David and ex-Spice Girl Victoria, along with former Spice Girls manager Simon Fuller, took £29.9m out of Beckham Brand Holdings.

The total comprises an £18.8m dividend paid out in 2017 and another £11.1m after the year end.

Beckham Brand Holdings looks after Victoria’s fashion sales and David’s image rights.

But the accounts show that the firm saw a fall in pre-tax profits from £19.9m to £15.7m. Turnover was up from £47.5m to £55.7m.

The filings also show the difference in success for the couple’s respective brands.

DB Ventures, Mr Beckham’s business, recorded a pre-tax profit of £26.5m in the year to 31 December.

In contrast, figures released earlier in the month showed that losses at Mrs Beckham’s luxury fashion label went up by £2m as it continued to invest in the business.

The high-end fashion retailer recorded a loss of £10.2m in 2017, compared to £8.2m the previous year.

NEO Investment Partners invested £30m in the business in a bid to grow its digital operation and bricks-and-mortar shops.

Mrs Beckham’s fashion label trades from its website and has stores in Mayfair and Hong Kong. Items are also on sale through 400 stockists in more than 50 countries.

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