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18 Dec 18
14:04
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Date Joined:
02 Mar 08
Victoria Beckham's fashion business has reported another annual loss.
Despite sales growth of 17% to £42.5m, Victoria Beckham Ltd posted an operating loss of £10.2m in 2017, up from £8.2m a year earlier.
Last year, NEO Investment Partners put £30m into the business to help the brand expand its operations.
The fashion label says that part of its long-term strategy with the new shareholder will involve cost cutting in order to return to profitability.
Losses at the company have risen every year since 2013.
The fashion business produces high-end designs, making dresses that sell for more than £2,000 and coats getting on for £3,000, and also has partnerships with Estee Lauder, Chole and Calvin Klein.
continues at https://www.bbc.co.uk/news/business-46603092
i wonder if mike ashley has his beady eye on this outfit?
Despite sales growth of 17% to £42.5m, Victoria Beckham Ltd posted an operating loss of £10.2m in 2017, up from £8.2m a year earlier.
Last year, NEO Investment Partners put £30m into the business to help the brand expand its operations.
The fashion label says that part of its long-term strategy with the new shareholder will involve cost cutting in order to return to profitability.
Losses at the company have risen every year since 2013.
The fashion business produces high-end designs, making dresses that sell for more than £2,000 and coats getting on for £3,000, and also has partnerships with Estee Lauder, Chole and Calvin Klein.
continues at https://www.bbc.co.uk/news/business-46603092
i wonder if mike ashley has his beady eye on this outfit?
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Replies: 12
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just a hobby that hubby supports with his own money,anyone thinking its a real business needs their bumps feeling
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So hubby David will not have to get his boots back on
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should we now expect a return to the girls? Or is that too cynical?
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Expect David just regards it as a tax loss
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Obvious why- sticks don't buy clothes!
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Perhaps not too cynical Baphornet
I hope they have worn well if they do  |
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Still I was never into them when I was younger 'girl power' not really my thing
But they made a few teenagers happy in their time...I do not know if they left any lasting musical legacy? |
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UR; i think they left happy memories for many, that's music in a nutshell
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made a great career out of pointing.
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seem resteraunts are also closing in their 1000,s as people are no longer prepared to shell out good money for shoite service and food, eems middle England have decided their no longer prepared to pay to prop up glorified vanity projects
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for about the 6th time in as many months ,we,ve discussed it on here before, I saw Altrincham town centre been held up as the blueprint for the hight streets woes through out the country,never mentioning once that altr is no a swanky, b list celeb catchment on the outskirts of manchester
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