Victoria Beckham’s fashion label makes loss of £12.3m
Victoria Beckham Limited, the fashion brand owned by the former pop star, has reported an annual loss of £12.3m.
The firm has not made a profit since 2008 and sales fell by 16% to £35m, mirroring many other retailers who have struggled in 2019.
Beckham launched her label in 2008 with a collection of luxury dresses and now sells fashion and accessories in more than 420 stores around the world.
She controls the business with her husband and former Manchester United and England star David Beckham, via their parent company, Beckham Brands Holdings.
The group, which manages the Beckham’s various endorsement deals and stake in future MLS football club Inter Miami FC, also saw a sharp fall in sales in 2018.
Today’s announcement pushed Beckham Brand Holdings to its first ever net loss of £1.6m in 2018, which followed a net profit of £12.3m in the previous year.