Victoria Beckham's high-end fashion label posted a £10m loss for the year to December 2017 as it continued to invest in its website and bricks-and-mortar stores. Losses grew from £8.2m in 2016 to £10.2m, however company shareholders said they were committed to reducing the loss and expected to break even in the medium term. The fashion brand, launched by the former Spice Girl in 2008, saw full-year revenues grow 17pc to £42.5m, up from £36.4m in 2016, according to accounts that will be filed shortly at Companies House, with clothing, accessories and eyewear all performing strongly. The company's sales were boosted by a collaboration with US retail giant Target, which launched a limited-edition... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 … [Read more...] about Victoria Beckham fashion label posts £10m loss
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Victoria Beckham’s designer fashion brand LOSES £10.2million in a year – £2million more than in 2016
VICTORIA Beckham's self-titled designer fashion brand posted losses of £10.2million in 2017, new figures show. Despite losses increasing from £8.2million the previous year, the brand's overall revenue rose by 17 per cent to £42.5million, up from £36.4million. The company's shareholders remain confident the brand, which celebrated its tenth anniversary in September, will break even in the "medium-term", with 2020 previously touted as the timescale earlier this year. The VB fashion house is investing heavily in its online presence as well as high street stores. Strong clothing, accessories and eyewear sales are said to be reason for optimism. Over the weekend it was reported that brand VB had been fined £1,000 for missing a deadline for filing it accounts. The company opened its first store in London in 2014, followed by one in Hong Kong in 2016. They sell through 400 stockists in more than 50 countries and now employ 180 people. However, the company's accounts … [Read more...] about Victoria Beckham’s designer fashion brand LOSES £10.2million in a year – £2million more than in 2016
Victoria Beckham’s luxury fashion label posts £2 million loss
0 Have your say Losses at Victoria Beckham’s luxury fashion label soared by £2 million as it continued to invest in the business, but maintained that it expects to break even in the medium term. The 10-year-old high-end fashion retailer posted a loss of £10.2m last year compared with £8.2m the year earlier.However, revenue grew 17 per cent to £42.5m as sales increased across all its segments, including the core ready-to-wear “Victoria Beckham” line, its sister ready-to-wear “Victoria, Victoria Beckham” line as well as accessories and eyewear, both online and in-store.READ MORE: Asos casts shadow over retail sector with shock sales alertVictoria Beckham Ltd said last year the company “continued to invest in the business and build its talent base”, maintaining its shareholders were committed to reducing its loss and expect to break even in the medium term.Last December, NEO Investment Partners invested … [Read more...] about Victoria Beckham’s luxury fashion label posts £2 million loss
Victoria Beckham’s fashion label posts higher losses on increased investments
Lifestyle / Entertainment by Press Association 17/12/2018, 11:46 am Updated: 17/12/2018, 11:47 am FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter Losses at Victoria Beckham’s luxury fashion label increased by £2 million as it continued to invest in the business, but maintained that it expects to break even in the medium term. The 10-year-old high-end fashion retailer posted a loss of £10.2 million for 2017 compared with £8.2 million the year earlier. However, revenue grew 17% to £42.5 million as sales increased across all its segments including the core ready-to-wear “Victoria Beckham” line, its sister ready-to-wear “Victoria, Victoria Beckham” line as well as accessories and eyewear, both online and in-store. Victoria Beckham Ltd said last year the company “continued to invest in the business and build its talent base”, maintaining that its shareholders are committed to … [Read more...] about Victoria Beckham’s fashion label posts higher losses on increased investments
Victoria Beckham faces £1000 fine for failing to submit latest company accounts
VICTORIA Beckham is facing a £1000 fine for failing to submit her latest company accounts. The former Spice Girl turned fashion designer is said to have wracked up the bill after being late to hand over the figures. The charge will double unless she hands them over by the end of the year. It was revealed last year that her fashion company, Victoria Beckham Limited, lost £8.4 million in 2016 and £4.6 million the year before that. The latest accounts cover 2017, before Posh roped in a new dream team, including fashion veteran Ralph Toledano, to try and turn around the firm’s fortunes for her. It comes as Victoria will not reunite with the Spice Girls for their sell out tour in 2019. Instead she has chosen to focus on her fashion empire. The girls, Mel C, Mel B, Emma Bunton and Geri Halliwell, will be touring next year from June 1st for two weeks. Meanwhile Mel B is still trying to convince Victoria Beckham to join the Spice Girls reunion. STRICTLY NOT … [Read more...] about Victoria Beckham faces £1000 fine for failing to submit latest company accounts