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27

Victoria Beckham Gets $40 Million Investment From Goldman Vet

By Tony Seruga

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

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