“This is just the beginning. I have a lot of ambitions and I work hard to achieve my goals,” she said in her interview
Former Spice Girl Victoria Beckham was chosen to cover the Financial Times’ weekly lifestyle insert and spoke about the future of her fashion and beauty empire, VB, which turned a profit last year after a series of financial problems.
In October, the designer told French Vogue that her eponymous brand is finally turning a profit, some 15 years after launching her own fashion label.
“This is just the beginning. I have a lot of ambition and I work hard to achieve my goals. I never wait for things to come by themselves,” she said. And he continued: “It’s such an exciting time. This year, we made a profit! This takes time, especially for an independent brand. My perfume is not empty – it is mine. Now that I’ve laid the foundation for the house, the real work can begin.”.
In an interview with industry bible Women’s Wear Daily (WWD) in March to celebrate the news, her brand investor, David Belhassen, also made revelations. He said revenue was up 42% – £58m – and predicted that when the business files its accounts for the 2022 financial year in December, the former Spice Girl will make her many critics bite their tongues.
In January 2023, the accounts of Victoria Beckham Holdings Ltd revealed losses of £5,887,036 in 2021, up from £8,581,944 in 2020. This figure meant that the company’s total losses stood at £66.3m from was founded in 2008 and the company’s directors – including Victoria and her husband David – did not receive a dividend.
The business has now expanded to Europe and the Middle Eastwhile in the annual accounts it is mentioned that the brand is also promoting new products, with the launch of leather goods and the VB Body series.
Despite heavy losses, her global empire has reportedly doubled its profits. Annual accounts filed at Companies House in London showed the pair earned £11.6m in the year to December 2020 despite the pandemic – compared to £4.5m in 2019.
In accounts due in 2021, auditors warned of “significant doubt” about the Victorian fashion house’s ability to continue as a going concern after it was reported that the company had amassed more than £46m in debt since it was founded!
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Friends of the star said at the time that Victoria was determined to continue with her company, despite critics calling it a … vanity project.
One of them stated: “It’s what gives Victoria her identity, she loves it and despite the obvious obstacles, she’s extremely passionate about it.”
Source :Skai
I am Frederick Tuttle, who works in 247 News Agency as an author and mostly cover entertainment news. I have worked in this industry for 10 years and have gained a lot of experience. I am a very hard worker and always strive to get the best out of my work. I am also very passionate about my work and always try to keep up with the latest news and trends.
