Bad news for Becks as her fashion label suffers £12.3m loss

Ralph Toledando, chairman of the business, said sales of its clothing and accessories stagnated during 2018 after years of growth.

Mr Toledando told the trade title Business of Fashion:"The performance was in line with expectations, so we were not surprised. Our goal is to reach profitability as soon as possible."I firmly believe that our destiny is in our hands. We have a great talent in Victoria and, if you take that asset with a dream team, we can do it."

The company is controlled by Beckham and her former England footballer husband David, through their company Beckham Brand Holdings.

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