Victoria Beckham's fashion business has received an additional £6.2m loan from shareholders, including David and Victoria Beckham and private equity firm Neo, as pre-tax losses widened to £4.8m in 2024. The loan comes despite a 26.5% surge in sales to £112.7m, driven by strong online growth and new cosmetics products.
Accounts filed at Companies House reveal “material uncertainties” over the company’s ability to continue as a going concern, including the need to extend a £4.1m bank loan due for repayment next week. A loan extension is expected to be signed later this week.
The latest cash injection follows £6.9m in shareholder funds last year. Shareholders include former Spice Girls manager Simon Fuller, Neo, and the Beckhams. The funds aim to “sustain the group’s growth plans”, drive cost reductions, and streamline operations.
Plans include expanding into more department stores in the UK and France, and a boost from Victoria Beckham’s upcoming Netflix docuseries focusing on her spring/summer Paris fashion week show. Net liabilities narrowed to £29.7m from £39.7m a year earlier.
Despite the losses, Victoria and David Beckham are together worth £500m, according to the Sunday Times Rich List. David Beckham earned £28m in dividends from his personal brand since 2022, offsetting losses at his TV production studio.
