Victoria Beckham's fashion and beauty empire records £66million losses since launch

Victoria Beckham's fashion and cosmetics empire has recorded losses of £66.3m since it was founded, new figures reveal - despite a year of "double-digit sales growth".

Latest accounts for Victoria Beckham Holdings Ltd show it made losses of £5,887,036 in 2021, down from £8,581,944 in 2020.

But overall losses - the accumulated figure since the company was formed 15 years ago - stood at £66.3m.

The directors were not paid a dividend, despite sales returning to growth, up 13 percent from £36m to £41m.

The luxury fashion business added new customers in Europe and the Middle East as it expanded across the world.

The annual accounts filed this week said the brand was also expanding into new products, with the launch of leather goods and the VB Body range.

Victoria Beckham (pictured) has a fashion and beauty empire (GC Images)

And it said the firm continued to "celebrate its innovative skincare collaboration" with Augustinus Bader. But it "required a cash injection of £2m", while the "ultimate shareholders provided additional loans of £0.6m to the group".

The financial records stated that Victoria Beckham Holdings Ltd had won 19 awards for its "luxury, high-performance" products and established a "significant community of loyal customers".

Victoria's fashion empire opened a UK warehouse and expanded into the New York store Bergdorf Goodman in 2021.

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Some of her brand's designs were showcased in Paris last year, including a piece modelled by Bella Hadid (pictured) (AFP via Getty Images)

Victoria, pictured with husband David Beckham (right), has an OBE for services to the fashion industry (Dave Benett/Getty Images)

Her beauty business added Australian and Canadian storefronts, growing in "two top performing markets". The report said the results "reflect the significant turnaround in the business as it delivers on its plan to profitability of the group".

After pop success with the Spice Girls, Victoria, 48, launched her own fashion label in 2008.

It was named designer brand of the year in the UK in 2011 and won many celebrity fans.

Victoria was appointed an OBE in the 2017 New Year Honours for services to the fashion industry.

Last year husband David landed a deal said to be worth £150m to promote Qatar tourism.

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