×
1 327
Fashion Jobs
ESTÉE LAUDER
Operations Support Manager
Permanent · Petersfield
ESTÉE LAUDER
jo Malone London - Omnichannel Operations Manager
Permanent · London
ESTÉE LAUDER
Multi-Brand - Business Manager, 37.5 Hours - Oxford - John Lewis
Permanent · Oxford
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
Advertisements
Published
Dec 17, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Losses widen at Victoria Beckham, but are profits ahead?

Published
Dec 17, 2018

Victoria Beckham’s fashion label continues to be loss-making despite its huge appeal, but the business expects to break even in the medium term.


Victoria Beckham


The designer brand said sales grew by an impressive 17% to £42.5 million last year, with growth across all segments including its core and secondary lines as well as accessories and eyewear.

But losses widened by £2m to £10.2m in 2017, after reporting losses of £8.4m in 2016 and £4.6m the year before that. It said this was a result of an ongoing investment in infrastructure and talent, as well as a growing focus on growth markets such as Asia and the US.

The womenswear brand, founded by the ex-Spice Girl in 2008, received a £30m investment from NEO Investment Partners to expand its digital operations and retail presence in November last year. The deal valued the firm at £100m, according to reports.

Since then, Victoria Beckham has left New York Fashion Week for London, unveiled a redesigned website and expanded its distribution capabilities. Additionally, Ralph Toledano, president of the Fédération de la Haute Couture et de la Mode, has come on board as chairman of the business.

Paolo Riva, who was appointed chief executive in June, said: "We will continue to invest in growth markets such as the US and Asia whilst also ensuring we have the right strategy to ensure profitability over the medium term.

“I look forward to working with Victoria and team to steer the brand to the next phase.”

Copyright © 2021 FashionNetwork.com All rights reserved.