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Victoria Beckham is demanding the return of her vogue label inventory after the collapse of the posh retail group Matches Fashion, it has been reported.
The former Spice Girl, who launched her eponymous label in 2008, has requested the retailer to present back all of the summer season inventory she despatched to them in March after studying that the e-commerce retailer can be closing down.
Luxury e-commerce retailer Matches was put into administration in March, simply months after it had been acquired by Fraser Group, owned by retail entrepreneur Mike Ashley, for £52 million ($66.6 million), The Business of Fashion reported on the time.
A supply at Beckham’s label instructedThe Mail on Sunday that bosses have requested for the garments back out of concern that Matches is not going to pay them earlier than it shuts down its web site.
The supply mentioned: “Matches is continuing to sell designer clothing online, and has promised to pay for it all. But some brands, like VB, have insisted on getting the stock back so they can sell it themselves. Not everyone is convinced Mike Ashley’s outfit – and the administrators – will pay up.”
The Independent has contacted Matches vogue and Victoria Beckham’s representatives for remark.
Currently, there are 68 merchandise from Beckham’s label on the market on the web site, which vary from a plain long-sleeve black T-shirt beginning at £190 to a forest-green robe made out of jersey for £1,450.
When the Fraser Group introduced Matches collapse in March, it mentioned it had run out of the way to stabilise the enterprise and “it has become clear that too much change would be required to restructure it”.
“The continued funding requirements would be far in excess of amounts that the Group considers to be viable,” mentioned the assertion.
“In light of this, Frasers has been informed that the directors of Matches have taken the decision to put the Matches group into administration. Frasers remains committed to the luxury market and its brand partners.”
Beckham launched her label in New York in 2008 with the intention of making wearable but subtle ready-to-wear items for “the modern woman’s wardrobe”. The model has since expanded, and at the moment it gives footwear, eyewear, and leather-based items. It additionally has an off-shoot model Victoria Beckham Beauty, which specialises in make-up and skincare.
In November, Beckham launched a £110 T-shirt printed with the slogan “My dad had a Rolls-Royce,” which is a reference to a remark she was extensively mocked for saying within the Netflix documentary Beckham.
In it, Victoria claimed to have come from a “working class” background, regardless of being pushed to high school in a Rolls-Royce by her father. Her husband David was fast to level out the hypocrisy of her assertion, and the trade, which was caught on digital camera, went viral on social media.
One month later, Beckham launched the T-shirt. The product description on her label’s website reads: “Made from soft, organic cotton, the ‘My Dad Had A Rolls-Royce’ slogan T-shirt embodies the brand’s playful side.”
“Designed with dropped shoulder seams and a classic crew neckline, it has a relaxed fit and refined feel.”
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