Victoria Beckham’s fashion empire has been valued at £100m following a major cash injection from the man behind the UK success of French bakery chain Paul.
Neo Investment Partners, based in the West End and led by David Belhassen, a former Goldman Sachs banker who ran Paul until 2010, has invested £30m in Victoria Beckham Ltd in exchange for a minority stake.
The company is controlled by Beckham Brand Holdings, which is jointly owned by Victoria and David Beckham along with the former Spice Girls Svengali Simon Fuller. Senior management are also minor shareholders.
It is understood that the cash will be used to fund an international e-commerce expansion for the fashion label, which makes clothes, shoes, glasses and accessories.