×
207
Fashion Jobs
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
Published
Jan 2, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Victoria Beckham losses shrink, beauty launch boosts sales

Published
Jan 2, 2022

Victoria Beckham’s fashion business is still making losses but those losses are shrinking, the firm’s latest accounts have shown. The company cut costs last year and also saw beauty and online sales rising. This helped it weather the tough environment at the height of the pandemic as her London flagship and other stores that sell the brand were forced to close.


Victoria Beckham - Fall-Winter2020 - Womenswear - London - © PixelFormula



The pre-tax loss for Victoria Beckham Holdings (which owns the fashion label and controls her beauty brand) was £8.7million last year. That was down from a deficit of £16.6 million a year earlier.

That loss came as sales — understandably given what was going on last year — fell. However, they didn’t plunge as much as was the case at some of the label’s peers. Sales were down ‘only’ 6% to £36.1 million as the first full year of trading for Victoria Beckham Beauty helped the bottom line, contributing £7.3 million to the sales total.

But the company still relied on its shareholders injecting over £9 million into the business. The new money the shareholders invested in the firm was used to pay off a bank loan, fund a higher level of direct-to-consumer sales as e-commerce grew, and merge the company’s two labels into one main Victoria Beckham offer. 

The company is owned by Victoria and David Beckham, Simon Fuller’s XIX Entertainment and private equity firm Neo Investment Partners. It’s unknown which of them participated in the new funding round but the firm’s accounts also show that a further £600,000 was invested during 2021 and that the shareholders will continue to support the operation as and when needed.

The company cut staff numbers last year and also the number of items produced for each collection as it pushed towards a more efficient business model. It has also cut prices in the last year as it works to widen the label’s appeal.

Copyright © 2022 FashionNetwork.com All rights reserved.