Elton John's Fashion Brand Faces £3.5 Million Debt After Disappointing Partnership with High Street Retailer

Table of Contents

• Debt of Elton John's Glasses Firm
• Elton John's Eyewear Collection
• Elton John's Health Challenges

SIR Elton John's eyewear company is facing a significant debt of £3.7 million, according to the latest figures.

His glasses are available for purchase on his website and at the popular high street retailer, Specsavers.

Elton John’s eyewear company is in debt by £3.7 millionCredit: Getty The superstar recently acknowledged that his vision is deterioratingCredit: Reuters

Despite the financial situation, the company benefiting from eyewear sales possesses substantial assets.

Financial statements for Elton John Optical Company Ltd indicate a debt of £3.7 million for the year ending in March.

The company holds cash reserves of £308,173 and reported only £1,020 in tax on its most recent income.

The majority of the debt is owed to companies named William A Bong Ltd, J Bondi Inc, and J Bondi LLP, which are part of the star's business network.

At the age of 78, Elton offers fans two pairs of glasses for £130 at Specsavers.

Customers are informed: “Introducing the Elton John Eyewear collection.
“Designed by Elton himself, the collection reflects his passion for individuality and flamboyant style. Inspired by his journey, you’ll discover vibrant colors, glitter accents, and unique takes on classic designs.”

He has recently revealed that his eyesight is failing, and he can now only sign autographs with his initials.

The pop icon lost sight in his right eye last July after contracting an infection while on holiday in the South of France, and he has stated that his left eye is “not the greatest.”

In December, he mentioned that he was unable to view his new musical adaptation of The Devil Wears Prada.

He added: “I haven’t been able to attend many previews because, as you know, I have lost my eyesight.

“But I enjoy hearing it.”

In an interview on Good Morning America, he expressed: “It really shocked me, and I can’t see anything.

“I can’t read anything, I can’t watch anything.”

What is the current debt of Elton John's glasses company?

Elton John's eyewear firm currently owes £3.7 million.

Where can I purchase Elton John's eyewear?

You can buy Elton John's glasses on his official website and at Specsavers.

What health issues has Elton John faced recently?

Elton John has experienced deteriorating eyesight, losing vision in his right eye and struggling with his left eye.