Victoria Beckham's brand on the brink of bankruptcy

Former Spice Girl Victoria Beckham has had her own clothing brand for many years. However, despite advertising and millions of dollars invested, the label has recently failed to gain significant popularity among consumers. Moreover, the brand's boutiques are suffering colossal losses.

In just the last few months, the wife of footballer and designer David Beckham had to inject several million dollars into Victoria's company. Yet, even this proved insufficient, as the star is buried in debt and unpaid loans.

In addition, Victoria has been warned that if she does not sort out her financial reporting in the near future, her company may be shut down. The brand's operations could cease in less than a month – on 5 February.