Victoria Beckham admits she “used to cry” before work everyday as her business struggled, while having David as her business partner made things more difficult.
Victoria Beckham “absolutely hated” having husband David as her business partner.
The 51-year-old star has reflected on the time her namesake fashion brand came close to shutting down as her partner pointed out the financial strain the company was under.
In her new self titled Netflix documentary, she said: “I almost lost everything, and that was a dark, dark time.
“I used to cry before I went to work every day because I felt like a firefighter. We were 10s of millions in the red.
“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.”
Retired footballer David admitted the conversations “broke” his heart because of how “proud” his wife is, and he struggled with the realisation he had to halt his investment.
He explained: “She was a lot richer than me. She actually bought our first house in Hertfordshire known as Beckingham Palace.
“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.’ “
Eventually, David Belhassen was approached as her new business partner, but he noted she needed more than someone to “just put money” into the company.
He recalled in the documentary: “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 initially turned down the opportunity, only to change his mind when he was on a date night with his wife and found out she was wearing Victoria’s designs.
He added: “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.’ “
Victoria admitted Belhassen made her realise “there was a lot [she] had to change” with her company in debt after she “lost [her] way”.
She said: “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.”
Victoria Beckham reveals why she ‘hated’ husband David being her business partner
