LONDON (CelebrityAccess) – A new report by the Daily Mail suggests that it may not have been Victoria Beckham who nixed plans for the Spice Girls reunion.
Equity firm NEO Investment Partners, who poured almost $55 million into Victoria Beckham Limited last November, reportedly told the singer-turned-designer that joining her former bandmates on tour would be “counter-productive” to the success of her brand.
A source told the Daily Mail that Posh Spice was up for a reunion, however, after meeting with her investors realized the “potential ramifications” of her involvement. Also according to that source, there was some concern that the move may be viewed as “tacky” and would leave Beckham open to harsh criticism, particularly of her voice.
While the Beckham fashion empire recently marked its 10th anniversary, the Daily reports that losses for the business totaled $14.9 million last year. Though there is a chance that the reunion could have boosted publicity for Beckham’s brand, investors were reportedly worried it would be perceived negatively given the company’s recent financial strains.