Funding Growth: Victoria Beckham Said Seeking Minority Investor

Funding Growth: Victoria Beckham Said Seeking Minority Investor
Samantha Conti
LONDON — It's only February and the year is already shaping up to be a landmark one for Victoria Beckham, with a second Estée Lauder collection, a royal honor at Buckingham Palace and a possible new minority investor in Victoria Beckham Ltd. According to industry sources, 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

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