SEBASTIAN SHAKESPEARE: Petra Ecclestone racks up £4.2 MILLION losses on her 'mad' fashion firm
Petra Ecclestone may have ended her bitter divorce with gold bullion trader James Stunt, but it is not the end of her financial woes.
I can disclose that the 28-year-old daughter of former Formula One tycoon Bernie Ecclestone has racked up more than £4 million losses at her clothing company, Stark and Co.
Accounts just filed at Companies House reveal that Stark held accumulated losses of £4.23 million in 2016, slightly up on the £4.19 million deficit reported in 2015.
Petra Ecclestone may have ended her bitter divorce with gold bullion trader James Stunt (above, together in 2014) - but it is not the end of her financial woes
Petra declines to comment, but her 87-year-old father is unlikely to be too surprised.
When she told her father, who has a reputed fortune of £2.48 billion, that she was launching a fashion line in 2009, he called her ‘stark raving mad’ — so she named the company Stark.
Petra, who is the firm’s sole director and shareholder, launched her business in September 2011 — one month after she married 35-year-old Stunt in a lavish £12 million affair at Odescalchi Castle in Italy.
The mother-of-three launched a men’s clothing company, Form, in 2008, which went bust after only 14 months despite help from Bernie, whose 40-year reign as head of F1 ended in January. (Above, father and daughter at the launch party for Form)
The company makes handbags and purses from python and alligator skin, each costing between £400 and £3,000.
In 2008, the mother-of-three launched a men’s clothing company, Form, which went bust after only 14 months despite help from Bernie, whose 40-year reign as head of F1 ended in January.
‘Stark was put on hold in the spring of 2015 to allow Petra to focus on being a mother of three young children,’ said a spokesman last year. ‘Start-up brands take many years to build.’
Petra and Bernie outside court during her divorce battle, which saw Stunt evicted from the couple's £100m Chelsea property
Last month, Petra was granted a divorce after lawyers revealed that a settlement had been reached with Stunt.
Their assets included a £100 million Chelsea mansion and a £158 million home in Los Angeles. No details of the settlement were revealed.
The couple met in 2006 and married in 2011, but in June began their court battle which saw Stunt evicted from the Chelsea property.
During a bad-tempered hearing, details of their marriage were laid bare, including hotly disputed allegations that he was abusive, violent and took overdoses.
Ex-miner Dennis Skinner says he has never enjoyed the bar culture at the Commons.
‘I simply do not believe anyone should be drinking and working at the same time.
'You need a clear head to work — ask any former miner. It was never a good idea to drink in the welfare then go for a shift down the pit.’
Boris and his son celebrate star's 50th
Boris Becker celebrated his 50th birthday yesterday with wife Lilly and his two sons by his first wife Barbara at a family lunch at the Ivy in Wimbledon.
Boris made his way into the restaurant with his dreadlocked eldest son Noah, 23, who put a solicitous hand on his father’s chest.
Boris Becker on his way to a family lunch at the Ivy in Wimbledon (above, with his eldest son, Noah)
‘Boris looked very relaxed,’ said a fellow diner. ‘It was quite a low-key celebration probably in keeping with his money woes.’
The bankrupt Wimbledon champion has two sons, Noah and Elias, 18, by Barbara Feltus.
They divorced after he fathered a daughter in a fling with Russian model Angela Ermakova in a London restaurant.
Actress Vanessa Kirby, who plays Princess Margaret in The Crown, is keen to emulate one aspect of her bizarre behaviour.
At the launch of the second series of the Netflix drama, she told me: ‘She was terrifying.
'I heard that she was at a dinner party and she didn’t like the food so she just stubbed a cigarette out in the food. I think I should try that.’
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