29 December 2023 , 22:53
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Fashion designer and Spice Girl Victoria Beckham can continue to celebrate even after the Christmas festivities as her fashion label hit a profit.
According to reports, the fashion label made a profit of £200,000 in 2022, with much of its success thought to be from the launch of handbag and leather goods range. The profitability is said to be a milestone Victoria is 'thrilled' with, as previously the fashion label has been in danger of folding. This year marks the company's first profit since incorporating in 2017, following years of losses including a £2 million loss in 2021. In the past, the luxury label has borrowed more than £30 million from other parts of the Beckham business empire over the past 15 years.
Her brand, which originally launched in 2008, has previously accumulated losses exceeding £66 million. However it seems things are firmly on the up for Victoria, as she revealed building a brand "takes time".
Victoria Beckham's fashion label has turned its first profit in six years with £200k (instagram/ @victoriabeckham)
The former Spice Girl described the previous year as 'incredible' as she teased fans for 2024 launches (instagram/ @victoriabeckham)The profit is a milestone that has 'thrilled' Victoria, especially ahead of her 50th birthday next April. An inside source told the Mail Online: "It feels like two special milestones have come together. Victoria is just so happy.'
Speaking in an interview in October with Vogue, Victoria hinted at bigger things to come. The fashion designer 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.
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"This takes time, especially for an independent brand. My perfume isn't a license - I own it. Now that I have laid down the groundwork for the house, the real work can begin."
Victoria has also looked back on the past twelve months with a reflective Instagram post as she told her 32 million followers: "What an incredible year this has been for @VictoriaBeckham and @VictoriaBeckhamBeauty! From EyeWear's debut at my show in Paris to the launch of Contour Stylus and finally my #VBFragrance collection, which was eight years in the making. I cannot wait to show you our launches for 2024."
The business success comes after Victoria enjoyed festive celebrations stateside and in the UK with her family (instagram/ @victoriabeckham)
The former Spice Girl has also shared a sweet tribute to husband of 24 years David Beckham, as she called him "our everything" (instagram/ @victoriabeckham)It's not all business and profits though, as Victoria has also been able to enjoy the festive break after spending Christmas in Miami with son Brooklyn and wife Nicola Peltz and then again at home in the UK. The mum of four also took time out to praise her husband David as she penned a sweet note on Instagram. The couple have been married for 24 years, with Victoria gushing that he is "our everything".
Sharing a snap of her handsome footballer husband laughing with the Christmas turkey, Victoria penned: "We love you so much @davidbeckham X Happy Christmas,you are our everything,we love you so much xxxx @brooklynpeltzbeckham @romeobeckham @cruzbeckham #harperseven".
The Mirror has reached out to Victoria's representatives for comment.