Victoria Beckham Gets $40 Million Investment From Goldman Vet

  • Fashion brand to ramp up retail footprint online and off
  • Equity firm NEO owns stakes in Laduree macarons, AMI menswear

Victoria Beckham Ltd., the maker of $1,365 going-out clutches and $425 aviator sunglasses, sold 30 million pounds ($40 million) in new shares to a former Goldman Sachs Group Inc. banker’s private equity firm.

David Belhassen’s NEO Investment Partners LLP took a 30 percent stake in the former Spice Girl turned fashion designer’s namesake brand, valuing it around 100 million pounds, according to a person familiar with the transaction who asked not to be identified discussing private information. The London-based luxury house will use the funds to expand its retail presence online and off, as well as adding new product categories, the companies said in a joint statement Monday…

Victoria Beckham Gets $40 Million Investment From Goldman Vet

Categories : Finance

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