Victoria Beckham has revealed she is open to selling her fashion business, which is now worth a staggering £100 million, after a 20-year journey to be taken seriously as a designer. The Spice Girls star's business was reported to have debts of £53.9 million in 2022, but profitability was just around the corner following her sold-out collection that year. Now her fashion line revenues have topped £100 million. Victoria, who once had to borrow £30 million from her husband David's company, said she would 'never say never' to selling.
However, she insisted she will not be making a return to singing, as she has 'passed the baton onto talented son Cruz'. Speaking to the Financial Times on Tuesday, Victoria was asked: 'Would you ever sell your business?' She replied: 'I would never say never and I like to look at opportunities. But at the moment I am looking at growth, but I would never say never.'
Victoria continued: 'I'm very excited. This is breaking news: my store in London is showing there is an appetite, so we are about to open in New York and Miami. For me, until I open the stores in NY and Miami, I have been reliant on online, but I want to be able to control the experience from the client walking in the store. The next step is retail expansion, and we will see where it goes next. I'm very lucky.' She added: 'I'm building a legacy brand. There are categories I haven't entered yet, so we see a big opportunity. We spent a long time fixing, and now it's time for growth. I want to build the house.'
Victoria gushed that she is 'very proud' of everything she has accomplished in the fashion industry after it took years for her to be taken seriously by other designers. 'I feel accomplished. It's been a roller coaster over the last 25 years, and I was transparent in my Netflix documentary. But to be able to say that fashion and beauty is profitable is something I am very, very proud of.'
Despite some Spice Girls fans hoping for a Victoria Beckham return, the mother-of-four insisted her singing career is over. 'Music has been a huge part of my life. My dad was in music, and I was, but I've handed the baton over to Cruz now. He is very talented.'
Victoria concluded by sharing that the secret to her and David's 26-year marriage is that they both 'support each other's big dreams'. She said: 'The best bit of advice is we support each other and respect each other. We support each other's big dreams. People don't realise David is incredibly smart. He has businesses, and I absolutely turn to him, but not necessarily with the clothes but the business side.'
It comes as David and Victoria officially entered the billionaire ranks, having doubled their wealth in the last year, according to The Sunday Times Rich List. The celebrity couple now have a combined fortune of £1.185 billion, a significant increase from the £500 million estimated net worth they had on the 2025 list. Victoria and David have amassed their wealth over the years through their respective careers, with both continuing to rake in the cash even after retiring from football and singing.
But their journey to becoming billionaires has been anything but easy, having grown up 'working class' and facing tens of millions of debt along the way. David was born in Leytonstone, East London, to working-class parents. His mother, Sandra, was a hairdresser, and his father, Ted, worked as a gas engineer. Meanwhile, Victoria had a more affluent upbringing in Hertfordshire despite claiming her family was 'working class'. Although her parents started from working-class roots, her father became a highly successful entrepreneur.
Both Victoria and David kick-started their money-making moves early. Victoria was part of one of the most merchandised pop groups in history, with the Spice Girls setting the precedent for marketing and music tie-ins when they applied for 100 trademarks and signed sponsorship deals worth £300 million in 1997, just a year after the release of 'Wannabe'. David, meanwhile, was fully immersed in the lucrative world of football by the time he fell in love with his Spice Girl wife.
He once said 'my career has never been about the money; wherever I've gone I played the sport as I love it,' but whether he has chased the cash or not, his unique bankability as a footballer pin-up with a popstar partner has seen his fortune surpass that of any of his peers. In 2001, he signed a £16 million contract to remain with Manchester United before a £25 million deal with Real Madrid two years later. His most savvy deal came in 2007, however, with his history-making signing with LA Galaxy, which netted him £128 million over five years, equating to £25.6 million each year, £492,307 a week, and £2,930 per hour.
Before the ink dried, amid months of rumours about his move to MLS, analysts pointed out that the superstar player would have to take a 70 per cent pay cut thanks to MLS players' annual salary cap of $2.1 million. But with the help of his then-manager Simon Fuller, David's signing kicked off the Designated Player Rule, which allows certain players to sign lucrative deals. It meant Galaxy could bring David to the States, and the likes of Frank Lampard, Steven Gerrard, and David Villa all followed.
During his mid-noughties playing years, David scored off the pitch too, negotiating lucrative commercial tie-ups worth £100 million with the likes of Adidas, Pepsi, and Coty. Meanwhile, Victoria was working on her future away from the Spice Girls. In 2008, she launched her eponymous fashion collection, starting with a collection of just 10 bodycon dresses. It swiftly grew to an extensive range that now includes handbags, coats, shoes, and accessories.
The line was not an instant success, though; in fact, it would take 14 years before the company was in the black. In 2011, Victoria's fledgling label had earned more than £15 million in sales, but profitability remained a faraway dream. In 2015, the annual revenue had more than doubled to £34 million, but the company's losses also rose significantly as Victoria focused on expanding aggressively. This would mark the beginning of an especially challenging period for Victoria and her company, despite securing £30 million in investment from Neo Investment Partners in 2017.
The following year, Victoria Beckham Limited posted a loss of £12.3 million that ballooned to £16.6 million in 2019 – marking 11 years of consecutive losses since the former Posh Spice turned designer. That year, David had reportedly bailed out his wife's fashion brand with a £23 million cash injection. The former England footballer gave Victoria's company a £4 million loan as well as £6.6 million in cash in Spring 2016 in order to keep her business afloat.
The bright spark during this period was the launch of Victoria Beckham Beauty in 2019, which continues to be one of the company's biggest revenue drivers today. However, in 2021, post-Covid, auditors warned of 'significant doubt' about Victoria's fashion business' ability to continue operating when debts of £46 million were reported. The luxury label had at that point borrowed more than £30 million from other parts of the Beckham business empire. Without further financial support from shareholders, which include the Beckhams and private equity firm Neo Investment Partners, auditors said it would go bust.
In her Netflix series, businessman David Belhassen, who invested in her failing brand, explained that he also helped by reining in her excessive spending habits. In one shock admission, he revealed the designer was spending £85,000 just on plants for the office. Weeks before her debut at Paris Fashion Week in 2022, Victoria's fashion venture had debts of £53.9 million. But profitability was around the corner, as Victoria prepared for her inaugural presentation in the fashion capital of the world.
The collection was a seamless blend of her mainline sensibilities with the wearability of her diffusion line, and comprised 40 looks, including impeccably tailored suits, co-ord sets, skirts, and dresses. One ensemble in particular stole the show: supermodel Bella Hadid sashayed down the runway wearing a parrot green, gathered midi dress that, in the years since, has earned cult status – drawing comparisons to Herve Leger's cult bandage dress that was all the rage in the Noughties. The calf-length dress reportedly accounts for one of every 10 Victoria Beckham outfits sold, making it one of the singer-turned-fashion designer's biggest hits.
Reflecting on the company's long, winding path to profitability, Victoria told Harper's Bazaar: 'It's a huge accomplishment. The company has been through so much over the last 17 years – ups, downs, restructuring... it's been quite the journey. So finally to be able to say we're profitable is something I'm so proud of, because it's not an easy industry, and it's getting harder and harder.' 2022's results marked 'a turning point where the group became profitable'. Revenue surged 44 per cent to £58.8 million that year compared to £40.9 million in 2021. The success of Victoria's beauty line, which launched in 2019 and made £2 million in its first three months, greatly contributed to the profit. Products like the 'Satin Kajal Liner' are reportedly selling every 30 seconds. Meanwhile, a 2026 collaboration with Gap helped the brand reach a mass-market audience.
