by London – Victoria Beckham Ltd. rose for income and profits in 2024, with the company reporting constant growth in its fashion and beauty business.
Compared to the previous year, the company in private ownership recorded an increase in total sales from 26 percent to £ 112.7 million or $ 151.8 million.
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The fiscal year 2024 was the fourth period in a row with highly double growth.
In 2024, adjusted EBITDA or a profit before interest, taxes, depreciation and amortization received 22 percent to £ 2.2 million compared to £ 1.8 million in 2023.
The brand reported a small, unknown loss of operations over the period, but confirmed that it is on the right track for long -term profitability. In 2023, the operating losses of £ 900,000 fell to £ 200,000 the previous year.
David Belhasen, founder of Neo Investment Partners, who has a significant minority stake in the business, said that the brand had “remarkable development into a global luxury business” from its origin in fashion to the introduction of our Beauty Division in 2019.
“The increased desirability of the brand is proof of the strength of our vision, the power of Beckham’s iconic picture and style and the commitment of our team,” he added. “With a strong new management team, a clear strategic roadmap and an accelerated dynamic about fashion and beauty, the future for Victoria Beckham is incredibly exciting, as we will continue in 2025 and beyond.”
In 2017, Neo bought its share of Beckham’s business for around 30 million pounds.
Sybille Darricarrère Lunel, who came to Victoria Beckham as a Chief Executive Officer in July, said that 2024 was a crucial year for the brand, characterized by strategic investments and rights, to position the business for long -term, profitable growth.
“Our 2024 Performance Reflects The Teams Disciplined Execution and Commitment to Building A Modern Luxury House With Global Resonance. With a Clear Strategic Vision and A Sharped Focus on Product Excellence, We have a great ahead as we continue to accelerate growthrough 2025 Across All Categories and a Strong Foundation for Sustained Profitability, ”Said Darricarrère Lunel, Who Previously Served as Global Business Unit Director of Leather Goods at Christian Dior Couture.
