Victoria Beckham searching for an investor
According to industry sources, Victoria Beckham and her business partner Simon Fuller have been searching for a minority investor since last year with an eye to building out the brand’s retail network internationally.
The top suitor looks to be L Catterton, which is said to be conducting due diligence on Beckham’s London-based company. Spokespeople for L Catterton and Victoria Beckham declined to comment, as did Beckham herself when asked.
Investment sources said a book on the company had been circulating since last year, with Beckham and Fuller meeting a variety of potential candidates.
L Catterton, which was formed in 2016 after LVMH Moët Hennessy Louis Vuitton’s investment arm L Capital joined with the private equity firm Catterton, would have the financial muscle — and the patience — to extend Beckham’s retail network.
L Catterton has $15 billion under management, investments in more than 80 companies, and is looking to plow its funds into areas of the market that are expanding. Beckham has just two standalone