Victoria Beckham Holdings Posts First Operating Profit in 2025 After Years of Losses

- Published Victoria Beckham's fashion and beauty business has made an operating profit for the first time since she founded it in 2008, the company has said. Victoria Beckham Holdings Ltd, which is led by the former Spice Girl as creative director, made an operating profit of £7.3m in 2025, accounts show, after years of losses. "We have all worked hard for a long time for this moment of profitability and growth," Lady Beckham told the Financial Times, external. "We've been very transparent about the problems that we had in the business but have recovered and are now growing at a sensible pace. After 20 years, people don't look at my brand as a celebrity brand any more." Skincare success Last year, a Netflix documentary told the story of her attempting to establish a fashion brand and achieve profitability - and the series itself helped boost sales, "with particularly strong momentum in denim and jersey", according to the accounts. The fashion side of the company delivered "strong double-digit growth" overall in 2025, they said, while the beauty side, which launched in 2019, "delivered one of its strongest performances to date". That was led by the popularity of her Foundation Drops, which had a 25,000-strong waiting list and which doubled the size of the skincare part of the company. The Netflix documentary showed the former pop star talking about her attempts to overcome doubters to be taken seriously as a designer and entrepreneur, then running into financial trouble when the company was "tens of millions in the red". The business was bailed out by her husband Sir David, who told the programme: "For her to have to come to me and say, 'Can I have some... We need some more money, the business needs more money' - that was hard for both of us because I didn't have the money to keep doing this." Lady Beckham said: "If he hadn't believed in me I wouldn't still have a business now." She went on to get £30m investment by selling 30% of the company to NEO Investment Partners in 2017, who launched a restructure. 'Significant milestone' That included tackling what Beckham admitted was "mindblowing" waste, including "flying chairs from one side of the world to another" and spending what NEO's David Belhassen said was "70,000 a year" on office plants. In a statement on Monday, Belhassen, who is chairman of Victoria Beckham Holdings, said: "With two complementary growth engines in fashion and beauty, an increasingly international customer base and a focused operating model, the business is powerfully positioned for its next phase of profitable growth." CEO Sybille Darricarrère Lunel said: "Achieving our first operating profit is a landmark moment for Victoria Beckham and reflects several years of disciplined execution and strategic investment. "Delivering this result against a more challenging luxury market and macro backdrop makes it an even more significant milestone for the business."

MADRID, 31 (EUROPA PRESS) Victoria Beckham Holdings, the fashion and beauty brand founded by former Spice Girls member Victoria Beckham, posted an operating profit of 7.3 million pounds (8.5 million euros) in 2025, the first since the company was founded in 2008. In this way, Victoria Beckham's fashion label managed to leave behind operating losses of 1.6 million pounds (1.9 million euros) in 2024, according to data advanced by the Financial Times. Also, the brand's revenues totaled 129.8 million pounds (152 million euros) last year, up 15% from the previous year. "All of us have worked hard for a long time to reach this moment of profitability and growth," Victoria Beckham told the Financial Times, adding that the brand is growing at a reasonable pace and, "after twenty years, people no longer see my brand as the brand of a celebrity." The label is majority-owned by Victoria and David Beckham, while NEO Investment Partners holds a 30% stake.

Victoria Beckham has succeeded in making her brand stop being just “the celebrity’s label” and start proving that it can also be a profitable business. Victoria Beckham Holdings closed 2025 with an operating profit of 7.3 million pounds — about 8.5 million euros — the first since the designer founded the company in 2008. A turning point that comes after years of losses and with sales already reaching 152 million euros. The improvement compared with the previous year is substantial. In 2024, the brand still reported operating losses of 1.6 million pounds, about 1.9 million euros. A year later, not only has it managed to leave red numbers behind, but it has generated more than eight million euros of positive operating profit. 152 million in revenue and 15% growth Victoria Beckham Holdings generated 129.8 million pounds in revenue during 2025, approximately 152 million euros, representing a 15% growth from the previous year. The data confirms that the company has managed to sustain its expansion while simultaneously improving its profitability, something especially relevant after a trajectory long marked by red figures. The result also marks the achievement of a hurdle the brand had been pursuing practically since its inception: to demonstrate that it can operate economically in a sustainable way. Since Victoria Beckham launched the project in 2008, the firm has needed 17 years to achieve its first annual operating profit. Victoria and David Beckham remain in control Victoria and David Beckham jointly hold the majority stake in Victoria Beckham Holdings, while investment firm NEO Investment Partners controls 30% of the capital. NEO’s presence provides the company with a financial partner experienced in consumer and luxury brands, while the Beckhams retain control of the project. Reaching profitability could be particularly important for shareholders after years in which building the brand required financing while the business had not yet achieved positive operating results. The real test begins now The global fashion sector is navigating a challenging environment, with more selective consumers and strong competition both among the traditional grandes maisons and among new brands capable of rapid growth through social media and e-commerce. Victoria Beckham will now have to demonstrate that the €8.5 million in operating profit in 2025 is not an exception but the start of a sustainable profitability phase. The good news is that sales growth accompanies this. The company has not reached green numbers by simply shrinking in size: it increased its turnover by 15%, reaching 152 million euros, while moving from a loss of 1.9 million to a positive operating profit of 8.5 million. Seventeen years to turn the Beckham name into a profitable business The 2025 fiscal year thus marks a before and after for a company whose history has always been tied to the fame of its founder. Victoria Beckham Holdings moves from losses of 1.9 million euros in 2024 to a profit of 8.5 million in 2025, while its revenues reach 152 million and grow by 15%. They are still small figures compared with the major international luxury giants, but they carry special meaning for a company that has been seeking profitability since 2008. For years, the question was whether Victoria Beckham could turn her notoriety into a credible fashion brand. Then, whether that brand could also become a viable business. Seventeen years after its founding, the company has just answered the second question: for the first time, Victoria Beckham makes money with Victoria Beckham.

La compañía fundada por la ex integrante de las Spice Girls deja atrás varios ejercicios de pérdidas gracias a una estricta política de control de costes Victoria Beckham Holdings Ltd. registró su primer beneficio operativo de la historia, ya que la marca de moda y bellezafundada por la ex integrante de las Spice Girlsha logrado desenvolverse con éxito en un entorno de demanda complicado para los bienes de alta gama. Los ingresos en 2025 aumentaron un 15% respecto al año anterior, hasta alcanzar los 129,8 millones de libras esterlinas (175,8 millones de dólares o 151,6 millones de euros), según informó la compañía en un comunicado este lunes. Por primera vez desde su fundación en 2008, la empresa obtuvo un beneficio operativo de 7,3 millones de libras (8,5 millones de euros), gracias a lo que describió como estrictos controles de costes, poniendo fin a años de pérdidas, incluida una pérdida de 1,6 millones de libras (1,9 millones de euros) en 2024. Laslíneas de moda de Victoria Beckhamregistraron una “fuerte demanda en las categorías de sastrería, prendas para ocasiones especiales y ropa de día de gama alta”, señaló la empresa. Además, la compañía logró su quinto año consecutivo de crecimiento de ingresos a tasas de dos dígitos, una tendencia que, según añadió, ha continuado durante el primer semestre de este año. El resultado llega en un contexto complejo para el sector del lujo. Las marcas de alta gama afrontan una ralentización de la demanda debido a la reducción del gasto discrecional de los consumidores, afectado por el aumento del coste de la vida y por la incertidumbre geopolítica vinculada al conflicto en Oriente Próximo. Estas circunstancias también han lastrado la actividad comercial en mercados clave como Dubái. La desaceleración del sector se ha reflejado en los mercados bursátiles, donde grupos de referencia como LVMH, propietario de Louis Vuitton, y Hermès han acumulado caídas superiores al 20% en lo que va de año. Las creaciones de moda de Victoria Beckham son conocidas por su estilo minimalista y de lujo discreto (quiet luxury), una categoría que recientemente ha demostrado ser más resistente que las marcas más llamativas caracterizadas por grandes logotipos. Sin embargo, este segmento también afronta una mayor competencia de firmas como The Row, fundada por las gemelas Olsen, y Phoebe Philo, que están ganando popularidad entre los clientes de mayor poder adquisitivo. La línea de belleza también registró uno de sus mejores años hasta la fecha gracias al éxito de su gama de bases de maquillaje, afirmó Victoria Beckham. La compañía es propiedad mayoritaria de Victoria y David Beckham, mientras que NEO Investment Partners, que se convirtió en inversor por primera vez hace nueve años, posee una participación del 30%. El fondo fue fundado por David Belhassen, quien también preside la marca. XIX Entertainment mantiene asimismo una participación “pequeña”, según un representante de la empresa.

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Victoria Beckham Holdings, la marca de moda y belleza creada por la ex Spice Girl, registró en 2025 su primer beneficio operativo desde su inicio en 2008, alcanzando 7,3 millones de libras (8,5 millones de euros). Después de un ejercicio 2024 con pérdidas operativas de 1,6 millones de libras (1,9 millones de euros), la compañía logró revertir la situación, según la información publicada por 'Financial Times'. En cuanto a sus ingresos, la firma alcanzó los 129,8 millones de libras (152 millones de euros) en 2025, reflejando un aumento del 15 % respecto al año anterior. Victoria Beckham comentó a 'Financial Times' que todo el equipo ha trabajado duro para llegar a esta etapa de crecimiento y rentabilidad. Además, destacó que la marca está creciendo a un ritmo sostenible y que, tras dos décadas, ya no es vista simplemente como la marca de una celebridad. La mayor parte de la firma está en manos de Victoria y David Beckham, mientras que NEO Investment Partners cuenta con un 30 % de participación.

For years, Victoria Beckham’s brand was one of those celebrity-driven businesses that generated more headlines than profits. The designer accumulated multimillion-pound losses while David Beckham and the venture capital backing her capital injection continued to pour money in to keep the project afloat. Now, almost two decades after its launch, the firm has for the first time managed to post an operating profit. Victoria Beckham Holdings, the group that brings together the ex-Spice Girl’s fashion and beauty businesses, reported in 2025 an operating profit of 7.3 million pounds (8.5 million euros), versus operating losses of 1.6 million a year earlier. Revenue reached 129.8 million pounds (152 million euros), up 15% from 2024, according to data leaked by the Financial Times. But getting here hasn’t been easy. The firm began its journey in 2008 and accumulated losses for years: in 2017 it lost 10.2 million pounds despite a 17% increase in revenue to 42.5 million, and in 2018 pre-tax losses reached 12.3 million while sales fell 16%, to around 35 million. The entry of NEO Investment Partners in 2017 was intended precisely to give muscle to the project. The fund invested 30 million pounds for a 30% stake, which it still holds today, and the company began betting on international expansion and strengthening its distribution. But the arrival of the pandemic worsened the problems. The Mayfair store closure and the collapse of tourism in the United Kingdom caused revenues to fall to around 36 million pounds in 2020, while pre-tax losses reached 8.7 million. The company cut about a quarter of its staff and reduced production while accelerating a shift toward direct-to-consumer sales and cost-cutting. At the same time, a division began to gain weight and would prove key: Victoria Beckham Beauty, launched in 2019. The makeup brand was growing while fashion still accumulated losses and eventually became the group’s main engine. One of its star products is the Satin Kajal Liner, an eye pencil that once sold at a rate of one every 30 seconds. The company later expanded the catalog with makeup, skincare, and fragrances. The change began to show clearly in the accounts. In 2022, revenue rose 43% to 58.8 million pounds, and in 2023 it jumped another 52% to 89.1 million. In 2024 they reached 112.7 million, a 26% increase, though the company still posted an operating loss of 1.6 million. Now, beauty represents around two-thirds of the group’s revenue. But behind this turnaround lies a huge financial effort. Victoria and David Beckham and NEO Investment Partners have continued to put money into the business. In 2023, shareholders injected 6.9 million pounds, mainly to increase the beauty inventory and to finance working capital for the fashion division. And a year later, the shareholders provided another 6.2 million pounds in loans, at a time when the company was still posting losses. The financial backing allowed growth to be sustained while the business moved toward balance. The designer says the group is growing at a reasonable pace and that, after nearly 20 years, she no longer wants the market to see it as 'the brand of a celebrity.' Now, Victoria’s brand has finally crossed that threshold. The designer herself told the Financial Times that the group is growing at a reasonable pace and that, after almost 20 years, she no longer wants the market to view it as 'the celebrity’s brand.' The first profit arrives, therefore, as a starting point. The company is preparing new openings in New York and Miami and wants to continue growing in the United States and the Middle East, in addition to expanding its fashion offering with categories such as knitwear, footwear, leather goods, and outerwear. The goal is to turn a now-profitable business into a true luxury international brand. For years, Victoria Beckham’s brand was one of those celebrity-driven businesses that generated more headlines than profits. The designer accumulated multimillion-pound losses while David Beckham and the fund that entered her capital continued to inject money to keep the project afloat. Now, almost two decades after its launch, the firm has for the first time managed to post an operating profit.

It's being reported today that Victoria Beckham's fashion and beauty empire has made an operating profit of €8.5m in accounts for the period up to the end of 2025. The news could hardly be better and is well deserved. In her beauty zone, she is far and beyond one of the loved, independent brands, and she scores hit after hit with makeup and fragrance fans. This move out of the red and into the healthy zone comes at the same time as other Victoria Beckham news: she is preparing to open a flagship store in NYC that will house her fashion, fragrance, and beauty under one roof. Victoria Beckham Anyone who watched the Victoria Beckham Netflix documentary will remember the former Spice Girl discussing the state of affairs at her brand. Speaking honestly, it did seem that Victoria feared for its long-term success, but it seems as though it has turned a corner for the better. Also reported today was the rise in profits by 15pc, up to €151.5m from €131.5m in 2024, her fifth year of double-digit growth. And what is it that's selling that has turned things around for Victoria? Best Sellers Victoria Beckham's best sellers extend beyond the success of her Satin Kajal Eyeliners. Those sell like hot cakes, and so do her Foundation Drops (€121), which have sold out repeatedly since launching in autumn 2025. In the meantime, Victoria's cheek colour tints in bronzer and blush have been viral for an age (€51 each), and her recent Blush and Contour Stylus Sticks are an MUA favourite. These will outshine many other brands in the coming months, €44 each. And if you have never tried the Posh Lipstick in the shade 02 or Pout, you are missing out; the word cult doesn't even touch these shades and the formula. Fragrance Makeup and skincare don't cover the entire Victoria Beckham Beauty collection; fragrance is a huge part of the success story. Victoria worked with perfumer Jérôme Epinette on her signature scents, and each of the four has its own backstory from her relationship with her husband, David. Portofino '97 EDP is a monster seller. A citrus-woody scent, it has notes of bergamot, amber, and vetiver, and guys and girls adore it. This, and the rest of the big hitters, will be in Victoria's new NYC store when it opens, alongside her fashion pieces. Victoria Beckham Beauty news is coming your way on 9 September. We can't share this now, so make sure to come back and check it out. *This post may contain affiliate links

Victoria Beckham Holdings logra su primer beneficio operativo desde que la ex Spice Girl lanzó su firma de moda en 2008: 9,9 millones de dólares, frente a una pérdida de 2,2 millones el año anterior, con una facturación que crece un 15 % hasta 175,2 millones de dólares. La compañía aprovecha el momento para anunciar una nueva tienda insignia en Nueva York. Los resultados del ejercicio 2025, conocidos el 31 de agosto de 2026, marcan el quinto año consecutivo de crecimiento de doble dígito para la compañía, según Forbes. El ebitda se ha multiplicado por cinco respecto al año anterior, una mejora que llega, según recoge el citado medio, en un mercado del lujo más difícil de lo habitual para todo el sector. 9,9 millones de dólares de beneficio, un hito tras años de pérdidas La compañía, que agrupa moda y belleza, perdía todavía 2,2 millones de dólares en 2024. Un año después, la facturación sube otro 15 %, hasta los 175,2 millones de dólares, y el negocio genera beneficio operativo por primera vez en su historia. Primer beneficio operativo de Victoria Beckham Holdings en 2025, frente a una pérdida de 2,2 millones de dólares en 2024. (Fuente: Forbes) Nueva tienda insignia en Nueva York, en Mercer Street La compañía aprovecha el buen momento para anunciar una tienda insignia en Mercer Street, Nueva York, con apertura prevista en septiembre de 2026. El local reunirá bajo un mismo techo moda, belleza y fragancias. Estados Unidos es ya el mayor mercado de Victoria Beckham Beauty, y la marca ve ahí un potencial de crecimiento todavía mayor para la línea de moda. La apertura llega mientras la marca cierra su presencia temporal en Bal Harbour Shops, Miami, activa hasta el 30 de septiembre de 2026. La tienda insignia histórica de la firma sigue siendo la de 36 Dover Street, en Mayfair, Londres, cuyo tráfico de clientes ha impulsado las ventas directas al consumidor durante el ejercicio, de acuerdo con Forbes. Belleza en auge: Foundation Drops agota su lista de espera Lanzada en 2019, la división de belleza se ha convertido en uno de los grandes motores de la compañía. Su producto Foundation Drops duplicó las ventas de la línea de cuidado facial, se agotó y llegó a acumular una lista de espera de 25.000 personas, hasta situarse como el segundo artículo más vendido de la marca, explica también el medico económico. La marca de belleza planea llegar a unos 300 puntos de venta en 15 mercados, de la mano de distribuidores como Nordstrom, Bloomingdale’s, Mecca, Space NK y Harrods. “Un producto solo entra en el plan de desarrollo si todo el equipo no puede esperar a tenerlo”, resume Lauren Edelman, consejera delegada de Victoria Beckham Beauty, para el citado medio en su versión americana. De musa a diseñadora: una marca nacida en 2008 Victoria Beckham fundó su firma de moda en 2008, con una primera colección de vestidos reconocida por su corte y su ajuste. Hoy la marca se define como una mezcla de lujo clásico británico con un toque contemporáneo, y piezas como la Katherine Jacket, el Alina Trouser, el Isabella Gown o el Bela Dress figuran entre sus productos de mayor tirón, según Forbes. La firma de capital NEO Investment Partners entró en el accionariado en 2017 con una inversión de 40,5 millones de dólares. El reconocimiento del sector ha acompañado el crecimiento posterior: la enseña ha recibido premios como “Best Designer Brand” y “Brand of the Year” en los Fashion Awards del British Fashion Council. Los años que Victoria Beckham vivió en España Antes de que su marca existiera, Victoria Beckham pasó varios años instalada en España. Su marido, David Beckham, jugó en el Real Madrid entre 2003 y 2007, y la familia residió en Madrid durante ese periodo.

Skip to main content !BoF Logo The Business of Fashion Agenda-setting intelligence, analysis and advice for the global fashion community. Luxury Victoria Beckham Swings to Profit The fashion and beauty brand flagged strong demand for tailoring, occasion wear and elevated daywear as it posted a 15 percent rise in annual sales. !A model on a sparsely decorated set wears a burgundy evening column dress by Victoria Beckham Victoria Beckham's eponymous fashion and beauty label posted its first-ever operating profit, thanks largely to strong demand for its occasion wear, foundation and fragrance. (Victoria Beckham) By Bloomberg 31 August 2026 Victoria Beckham posted its first-ever operating profit as the fashion and beauty brand founded by the former Spice Girls member manages to navigate a complicated demand environment for high-end goods. Revenue in 2025 rose 15 percent from the previous year to £129.8 million ($175.8 million), it said in a statement Monday. In a first for the company founded in 2008, it posted an operating profit of $9.9 million on what it said was stringent cost controls, ending years in the red, including a $2.1 million loss in 2024. Victoria Beckham’s fashion lines saw “strong demand across tailoring, occasion-wear and elevated daywear,” it said. The company posted its fifth year of consecutive double-digit revenue growth rates with the trend continuing in the first half of this year, it added. High-end fashion and beauty brands are dealing with a tricky demand environment from consumers who’ve cut back on discretionary spending amid rising costs of living and geopolitical uncertainties due to the war in the Middle East, which has hurt the shopping hub of Dubai. ADVERTISEMENT Shares in the largest luxury groups such as Louis Vuitton owner LVMH and Hermès International have fallen by more than 20 percent so far this year amid an industry slump. Victoria Beckham’s fashion creations are known for their minimalist and quiet luxury style, a category that’s proven more resilient recently compared to louder brands which feature big logos. But this category is also facing more competition with labels like The Row, founded by the Olsen twins, and Phoebe Philo, which are both finding popularity among customers with deeper pockets. The beauty line also delivered one of its strongest years to date thanks to its foundation offering, Victoria Beckham said. The company is majority owned by Victoria and David Beckham while NEO Investment Partners, which first became an investor nine years ago, has a 30 percent stake. The fund was founded by David Belhassen, who is chairman of the label. XIX Entertainment also has a “small” shareholding, according to a company representative. The _Financial Times_ was first to report the company’s financial performance. _By Angelina Rascouet_ Learn more: Victoria Beckham’s Brand Is Only Getting Bigger _As Beckham prepares for a star turn in a Netflix docuseries this autumn, her brand surpassed £100 million in annual sales, driven by strength in both beauty and fashion, even as the wider luxury industry suffers a slowdown._ In This Article Topics Luxury:Apparel Beauty:Fragrance Beauty:Cosmetics People Victoria Beckham David Beckham Organisations Victoria Beckham Tags Earnings Designers Celebrity Entertainment © 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions Explore More Recommended Reads Loading recommended reads… Latest News & Analysis Unrivalled, world class journalism across fashion, luxury and beauty industries. 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VICTORIA Beckham’s fashion and beauty brand has posted its first operating profit in 18 years. A new report shows the Spice Girl’s brand was £7.3million in the black last year after scoring double digit revenue growth for the fifth consecutive year. The brand, which brought in £129.8 million in 2025, has finally found a winning formula, with the latest accounts revealing a massive jump from an operating loss of £1.6 million in 2024. Brand bosses are overjoyed to be in the black after the business suffered heavy losses in its formative years. Sybille Darricarrère Lunel, CEO of Victoria Beckham, said: “Achieving our first operating profit is a landmark moment for Victoria Beckham and reflects several years of disciplined execution and strategic investment. “Delivering this result against a more challenging luxury market and macro backdrop makes it an even more significant milestone for the business. READ MORE ON VICTORIA “With the Netflix documentary, we gave viewers an insight into what makes our inspiring founder, Victoria, and our brilliant business tick. “This built on the brand’s strong trajectory, with D2C and wholesale both delivering excellent growth and ready-to-wear continuing to be one of the brand’s strongest performing categories, reflecting the enduring appeal of the brand’s core silhouettes.” In its first 13 years, the brand suffered an unsustainable £66m in losses and was propped up by Victoria’s husband David’s investment through his lucrative DB Ventures company. However, in recent years it has found its footing and a different market, moving away from hyper luxury to a more attainable model. Ironically, the lower priced products carry a higher profit margin and the beauty element of the business, in particular, has seen sales explode. Victoria has always been focused on building a legacy rather than making a quick buck and she reflected on the difficulties she’s faced as a business owner in a 2024 interview with Harper’s Bazaar. She said: “When I think about the past 17 years… I mean, there was a point when this brand was all fires, and every day we were putting them out.” The brand has outlined its strategy for further growth, with a New York store set to open and wholesale expansion across Europe, the United States and the Middle East in the works.