Victoria Beckham faces record £66m trade loss
Victoria Beckham’s high-end fashion and beauty business empire has debts of £66.3million, despite a year of ‘double-digit sales growth’.
According to The mirrorVictoria Beckham Holdings Ltd’s latest accounts show it recorded losses of £5,887,036 in 2021, compared to £8,581,944 in 2020.
Victoria, 48, launched her fashion label in 2008 with a small collection of dresses. The company quickly grew to offer an extensive line that now includes handbags, coats, shoes and accessories.
According to the latest accounts, the company’s overall losses amounted to £66.3 million and company directors 9Victoria and her husband David Beckham) did not receive a dividend, despite sales returning to growth, up 13% from £36m to £41m.
The outlet further reported that the luxury fashion empire has attracted new customers in Europe and the Middle East, with the brand also expanding into new products including leather goods and the VB Body range.
Financial records also said Victoria Beckham Holdings Ltd had won 19 awards for its “luxury, high performance” products and established a “significant community of loyal customers”.