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Victoria Beckham's Fashion Business Sees 52% Surge in Sales, Nearing Profitability

3 weeks ago

Victoria Beckham's Fashion Business Sees 52% Surge in Sales, Nearing Profitability
The Drew Barrymore Show. victoriabeckham/Instagram.

7 Highlights

  • Victoria Beckham's business saw a 52% rise in sales in 2023, reaching £89.1m ($117.3m) in revenue.
  • Operating losses narrowed to £0.2m in 2023 from £0.9m the previous year.
    • Key growth drivers included strategic progress in the fashion and beauty sectors.
    • The best-sellers were the gathered-waist midi dress (pictured), selling for £850, and leather goods.
    • The beauty segment improved with new eye and contour product launches.
    • A successful fragrance line launch boosted beauty product sales.
    • Victoria Beckham Ltd CEO Marie Leblanc said: "Having successfully repositioned the business, 2023 was another very strong year of progress for the company and we continue to see a healthy growth trajectory as we look to establish Victoria Beckham as a global luxury house."
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