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Closing Bell

Beckham, Fuller Enter Into Joint Venture With Global Brands

David Beckham and his business partner Simon Fuller have signed a "joint venture deal with Li & Fung spinoff Global Brands" that will cover "multiple product categories." Beckham and Fuller together will be 50-50 partners with Global Brands, which "declined to say when products would be revealed" or if Beckham "will have a namesake brand." Beckham, Fuller and Global Brands CEO Bruce Rockowitz "did emphasize that the joint venture would be far more than just a clothing line" (WWD.com, 12/3).

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