Home · Business · Sep 1 archive
Victoria Beckham's Company Turns Profit After 18 Years
Developing
Victoria Beckham's fashion and beauty business has made an operating profit for the first time since she founded it in 2008, the company has said. CEO Sybille Darricarrère Lunel said: "Achieving our first operating profit is a landmark moment for Victoria Beckham and reflects several years of disciplined execution and strategic investment.
Victoria Beckham on the catwalk at one of her brand's fashion shows in Paris in 2023 The Netflix documentary showed the former pop star talking about her attempts to overcome doubters to be taken seriously as a designer and entrepreneur, then running into financial trouble when the company was "tens of millions in the red".
In a statement on Monday, David Belhassen, who is chairman of Victoria Beckham Holdings, said: "With two complementary growth engines in fashion and beauty, an increasingly international customer base and a focused operating model, the business is powerfully positioned for its next phase of profitable growth.
Last year, a The Netflix documentary told the story of her attempting to establish a fashion brand and achieve profitability - and the series itself helped boost sales, "with particularly strong momentum in denim and jersey", according to the accounts.
What's confirmed
What's still developing
- Victoria Beckham's fashion and beauty business has made an operating profit for the first time since she founded it in 2008, the company has said.
- Last year, a The Netflix documentary told the story of her attempting to establish a fashion brand and achieve profitability - and the series itself helped boost sales, "with particularly strong momentum in denim and…
- Victoria Beckham on the catwalk at one of her brand's fashion shows in Paris in 2023 The Netflix documentary showed the former pop star talking about her attempts to overcome doubters to be taken seriously as a…
- In a statement on Monday, David Belhassen, who is chairman of Victoria Beckham Holdings, said: "With two complementary growth engines in fashion and beauty, an increasingly international customer base and a focused…
- CEO Sybille Darricarrère Lunel said: "Achieving our first operating profit is a landmark moment for Victoria Beckham and reflects several years of disciplined execution and strategic investment.
Sources
- BBClink