DAVID Beckham broke ties with a high-end fashion brand, although he was paid a seven-figure sum to be a business partner.
He took an early exit from a five-year contract, with owners of the Kent & Curwen brand reporting a loss of £ 18 million.
This is further embarrassment for the Beckhams after his wife Victoria’s fashion brand claimed tens of thousands of tax dollars from 25 employees despite the family having a fortune of £ 335 million.
David, 44, who was recruited to spur business in 2015, leaves just a few months after launching a prominent Kent & Curwen line inspired by television’s Peaky Blinders.
An insider said, “He actually split from the business late last year.
“But the contract negotiations are still ongoing. “
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The loss of £ 18 million over three years forced the owner of the TBUK brand to cut staff by nearly a third last October to cut labor costs by £ 1.8 million.
The brand’s meeting with rockers The Stone Roses was described by fans as exceptional with 75 hats, 155 sweatshirts and 450 jackets.
David remains the face of the business and the official website still calls him a business partner.