Victoria Beckham's fashion business loses over £12million in just one year

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Poor Victoria! 💔

She may have opted out of the recent Spice Girls reunion tour to focus on her fashion business, but Victoria Beckham's company has reported a loss of over £12million in a year.

Wholesale revenues of the business grew by double digits in the UK, but "current challenges affecting department store retailers" resulted in a fall in international markets. "Our goal is to reach profitability as soon as possible. I firmly believe that our destiny is in our hands. DB Ventures made just £11.5million in the past year, compared to the £23.2million they made in 2017-18.

 

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 /  🏆 12. in JP

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