Victoria Beckham reveals her fashion empire is FINALLY making a profit – 15 years after it launched – as she poses for a chic Vogue France cover shoot
Victoria Beckham is Vogue France’s latest cover star and looked incredible in a series of chic images from the striking shoot.
The fashion designer, 49, – who gushed in the interview about how she has finally made a profit on her fashion and beauty brand, which she founded in 2008 – flashed her toned legs in one stunning image where she donned knitwear and sheer tights.
The business, which has borrowed £30million from other parts of the Beckham empire over the years, is at last showing a profit.
Victoria said: ‘This is just the beginning. I have lots of ambitions, and I work hard to achieve my goals. I never wait for things to just fall into my lap.
‘It’s such an exciting time. This year, we made a profit! This takes time, especially for an independent brand. My perfume isn’t a license – I own it.
Leggy: Victoria Beckham is Vogue France’s latest cover star and looked incredible in a series of chic images from the striking shoot
Ensemble: The fashion designer, 49, gushes in the interview about how she has finally made a profit on her fashion and beauty brand
Stunning: Meanwhile for the flawless covers shot she wore a brown blazer, beige jumper and leather skirt
‘Now that I have laid down the groundwork 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’s investor, David Belhassen, shone a rare spotlight on the inner workings of Posh’s empire.
He said revenues were up by a huge 42 per cent to £58 million — and predicted that when the business files accounts for the 2022 financial year this coming December, the former Spice Girl will make her many critics eat their words.
Victoria’s certainly taken her time to get here.
In January, accounts for Victoria Beckham Holdings Ltd show it made losses of £5,887,036 in 2021, down from £8,581,944 in 2020.
This means overall losses for the firm now stand at £66.3m since its launch in 2008 and directors of the firm – including Victoria and her husband David – were not paid a dividend.
The luxury fashion business has expanded to Europe and the Middle East, with the annual accounts saying the brand was also expanding into new products, with the launch of leather goods and the VB Body range.
Despite the big losses, the Beckham’s global empire has reportedly doubled its profits.
Wow: The fashion designer, 49, flashed he toned legs in one stunning image where she donned knitwear and sheer tights
Pose: Another sultry shot saw her pose in a grass field as she highlighted her pins in another leggy dress
Chatting: Victoria spoke to the glossy publication during Paris Fashion Week last month when she showcased her latest collection
Annual accounts filed with Companies House in London showed the pair made £11.6m in the year ending December 2020 despite the pandemic – compared to £4.5m in 2019.
In accounts submitted in 2021, auditors warned of ‘significant doubt’ about Victoria’s fashion company’s ability to continue operating when it was reported the company had racked up debts of more than £46million since it launched.
Friends of the star said at the time Victoria was determined to continue with her company even though her detractors have dismissed it as a vanity project.
One said: ‘This is what gives Victoria her identity, she loves it and despite its obvious obstacles, she is a grafter and hugely passionate about it.’
In February 2021, it emerged that Posh’s beauty range she set up in 2019 had suffered a loss of £4.7 million.
A spokeswoman for Victoria said at the time: ‘Whilst 2019 was a challenging year, the business halved its losses – a significant step in the road to profitability. The launch of the hugely successful beauty line in the same year helped drive overall revenues up 7% on 2018 and both businesses are focussed on profitable growth.
‘The showcase of the recent AW21 fashion collection has been well-received by fashion critics and the beauty business has seen multiple sell-out products in recent months.’
The fashion label, which has a flagship store in Mayfair, London and sells items such as coats for up to £2,900 each, filed a loss of £12.2million in 2018, £4.6million in 2017 and a £8.4million loss in 2016.
Success: In the accompanying interview she spoke about building her fashion brand and delighted in finally making a profit this year as well as speaking about the launch of her new fragrances
Designer: The fashion label, which has a flagship store in Mayfair, London and sells items such as coats for up to £2,900 each
Reputation: Victoria drew a crowd at Paris Fashion Week for the Spring/ Summer 2024 collection last month
For the photoshoot, Victoria completed her autumnal look with a beige overcoat as she posed up a storm in a vintage car.
Another sultry shot saw her pose in a grass field as she highlighted her pins in another leggy dress.
For other black and white shots she posed in a simple white vest which were teamed with tailored black trousers.
Meanwhile for the flawless covers shot she wore a brown blazer, beige jumper and leather skirt.
Victoria spoke to the glossy publication during Paris Fashion Week last month when she showcased her latest collection.
The likes of Kim Kardashian were in the front row as well as her supportive husband David, 48, and their kids.
It comes after earlier this week Victoria looked stunning as she slipped into the famous satin gown she designed exclusively for Kim .
The beauty shared a sizzling clip on her Instagram page on Monday as she modelled the elegant number.
The former singer created the garment for Kim, 43, who wore it proudly at Victoria’s runaway show during Paris Fashion Week earlier in September.
All in black: Victoria Beckham, 49, wore long gothic gown as she posed for a photoshoot on Tuesday during Halloween
Halloween: The fashion designer appeared to have taken some inspiration from Morticia Addams in the slinky number that featured long, fluted sleeves
Speaking to the camera as she recorded herself in the mirror, the English pop star captioned her video: ‘I created this dress exclusively for @kimkardashian to wear at my #VBSS24 show in Paris. I immediately wanted it!
‘The shape is simple, flattering and comes in a beautiful baby pink colour!! Sign up to be the first to access this limited-edition drop!! Kisses xx,’ she finished.
The glamorous but versatile number features a scooped neckline, and flaunted Victoria’s slender figure.
The former Spice Girl also added a clip wearing the dress to her stories, as well as a picture of Kim stunning at her catwalk show event in Paris and captioned ‘kisses @kimkardashian xx.’
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