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

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

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  • 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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Cruz Beckham Makes Major Career Move in Music Industry

Cruz Beckham Makes Major Career Move in Music Industry

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  • Cruz Beckham, son of David and Victoria Beckham, parted ways with TaP Management over a surname dispute.
    • TaP had envisioned Cruz carving out his own path by using only his first name, hoping it would prevent him from being labeled a “nepo baby.”
    • However, the 19-year-old's famous parents resisted the idea of their third child dropping his last name to build his music career.
    • "It was hard for the Beckhams and TaP to agree on a way of working," a source told the Daily Mail.
    • The management team also planned to have him play in pubs with the hope of him going viral. But "Victoria didn’t warm to that plan," the source added.
    • After Victoria gave a thumbs down to the idea, she herself shared a clip of Cruz singing The Beatles’ Come Together at a pub a few weeks later.
    • "Not only had she lifted the plan, but she had scuppered it,” the insider said.
    • A source for TaP said they parted ways with Cruz on “friendly terms” and added, “We are focused on making music artists as successful as they can be. It wasn’t possible in the circumstances."
    • Cruz, who plays guitar, piano, drums, and mandolin, signed with another company called C3 after severing ties with TaP.
    • The 19-year-old is the third son born to the Beckhams, who are also parents to Brooklyn, Romeo, and Harper Seven
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