Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Victoria Beckham injects £6.9m into fashion empire after financial loss

by August 31, 2024
August 31, 2024
Victoria Beckham injects £6.9m into fashion empire after financial loss

Victoria Beckham has injected millions into her fashion and beauty empire following a £3m loss in the 2024 financial year, according to recently filed accounts.

The former Spice Girl, along with her husband David Beckham and private equity firm Neo Investment Partners, provided a £6.9m cash injection to bolster her businesses.

Of this sum, £3m was allocated to her fashion label to meet working capital needs as it introduced new ranges, including belts and bags. An additional £3.9m was invested in Victoria Beckham Beauty to boost inventory levels.

Victoria Beckham Holdings, the umbrella company for her luxury fashion and skincare brands, reported a loss of £3m, a slight improvement from a £3.3m loss the previous year. Despite continued financial challenges, sales have surged, with revenues up 52% to £89m last year, compared to £59m in 2022, £41m in 2021, and £36m in 2020. The company’s performance has been lifted by successful new product lines, including belts, which now account for over 20% of online sales, and a perfume collection in the beauty division.

David Belhassen, a director of the company and founder of Neo Investment Partners, expressed optimism about the business’s future, stating that efforts are underway to ensure the empire is built “on ever stronger foundations” with a continued focus on developing high-standard products.

Although the wider business remains unprofitable, Victoria Beckham revealed earlier this year that her fashion label has turned profitable, saying, “We can really start building the house that I always dreamed of.” The brand, which started in 2008 with a small collection of dresses, has grown significantly and won the best brand award at the British Fashion Awards in 2011. Mrs Beckham expanded into beauty in 2019, adding to her portfolio.

Her latest collection showcased at Paris Fashion Week received praise for its sophistication, with Bethan Holt, The Telegraph’s fashion director, describing it as “slick, grown-up and polished.” Reflecting on her journey, Mrs Beckham stated, “I really love creating what I believe women want to wear. I love the fact that I can create what I’m ultimately desiring.”

This latest cash infusion is not the first time the Beckhams have stepped in to support their businesses. Last year, auditors highlighted the need for continued shareholder support to aid the company’s turnaround strategy. With David Beckham’s business ventures thriving through lucrative deals with Netflix and the Qatar World Cup, the Beckhams, alongside Neo, are understood to remain committed to supporting Victoria’s fashion and beauty brands through their financial challenges.

Read more:
Victoria Beckham injects £6.9m into fashion empire after financial loss

0
FacebookTwitterGoogle +Pinterest
previous post
Bentley boss Hallmarks’ new mission: saving Aston Martin from electric obsolescence
next post
Think tank calls for skilled migrants to fuel Rayner’s housebuilding boom

You may also like

10 Influencer Marketing Tactics to Amplify Your Brand’s...

November 22, 2022

M&S warns of possible price hikes as national...

November 7, 2024

Gambling Commission Policy on ID Verification

December 14, 2023

Navigating Tax Obligations for Your Business: Essential Insights

September 2, 2024

Tech Nation calls for R&D cuts to be...

October 31, 2022

The Fastest Managed WordPress Hosting in New Zealand

February 8, 2023

Bentley boss Hallmarks’ new mission: saving Aston Martin...

August 31, 2024

Top 6 First-person shooter online game Players to...

September 20, 2022

Netflix to reveal for first time how many...

October 12, 2022

Labour’s ‘Brexit reset’ draws fire over plan to...

February 3, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,570)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved