
Noted singer and TV personality Victoria Beckham, opened up about her eponymous fashion brand almost falling apart in her recent Netflix docuseries.
Victoria noted that she almost "lost everything" and how she used to cry before she went to work everyday. "I felt like a firefighter. We were 10s of millions in the red," she revealed, in the three-part series.
Victoria mentioned how having her husband David as a business partner increased the pressure on her.
She further added, "Yes I'm going home to my husband, but I'm going home to my business partner as well. And so I would talk to him about it. I had to. He was invested. And I hated it. I absolutely hated it."
David shared that his discussions with Victoria regarding the failing company "broke" his heart. He added that it was much harder to inform Victoria that he could no longer invest in the company. "She was a lot richer than me. She actually bought our first house in Hertfordshire, known as Beckingham Palace," he stated.
He also added, "So for her to have to come to me and say, 'Can I have some... we need some more money. The business needs more money,' that was hard for both of us because I didn't have the money to keep doing this and eventually I was like, 'This cannot continue'."
Victoria constant search for investors to save her company, resulted in her finding David Belhassen to be a business partner. "Victoria was not looking for a partner who would just put money. She needed a partner that knew the business, understood her dream and was capable of making it happen... Frankly, I had never seen something as hard as that to fix," he said. Eventually, the investor dropped out of the agreement which left Victoria "absolutely heartbroken."
He however changed his mind later, and made efforts to invest in her company after seeing his wife wearing Beckham's label.
"When I go out with my wife on Saturday night, and I see her stunning. And I said, 'What are you wearing?' 'Victoria Beckham.' I said, 'Are you buying a lot of Victoria Beckham?' And she said, 'Tons. I love it. It's amazing,'" he recalled. "And the flame lit there. It became like a fire. And on Monday, I gathered the team and say, 'We have to do it. If we fail, we fail.' So we signed. I remember she was very emotional and she told me, 'I won't let you down.'"
Belhassen the provided Victoria with a valuable advice, urging her to restructure the business for it could survive.
"Part of the problem was people were really afraid to tell me no. People thought that I wasn't used to hearing, 'no.' I'll hold my hands up and be accountable for things that I have done that I should have done and could have done differently, and I was in debt. There was a lot I had to change. I realised I'd lost my way," Victoria said.
Victoria Beckham is streaming on Netflix.