Victoria Beckham might have spent a significant portion of this month on a yacht worthy of Succession, but she’s earned a summer holiday. Yesterday, WWD reported that her brand, Victoria Beckham Ltd., saw a 26% increase in revenue to £112.7 million compared with the previous year, with an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of £2.2 million.
This might not sound like a huge sum, especially when you consider the “small, undisclosed operating loss during the period”, according to WWD, but it marks a significant turnaround for both the brand and Beckham, who managed to maintain the “fourth consecutive period of high-double-digit growth”. This isn’t quite the whole story. According to The Guardian, accounts filed at Companies House, which registers company information and makes it available to the public, show that the shareholders advanced an additional £6.2m loan this year. Translation? Victoria Beckham the brand, now 17 years old, is tentatively entering a new phase of maturity, while still ultimately striving for profitability.
