In the past year, Victoria Beckham’s fashion label demonstrated improvement, yet remained unprofitable. Despite reducing operating losses to £0.9 million from £3.9 million and narrowing pre-tax losses to £3.1 million from £5.9 million, the brand saw a 44% sales increase to £58.8 million. Cash injections, totaling nearly £7 million, were provided by shareholders, including the Beckhams themselves, Simon Fuller, and Neo Investment Partners, to sustain the business.
Conversely, David Beckham’s business experienced substantial revenue growth, doubling to £72.6 million in 2022. This increase was driven by licensing deals and partnerships with various brands like Sands, Maserati, Panini, and Guild eSports. Despite a rise in operating profit to £21.9 million, pre-tax profit declined to £10.8 million due to increased administrative expenses.
The Beckham brand remains highly sought after, extending beyond football into areas such as esports, the co-founding of MLS team Inter Miami CF, and media interests like a profitable Netflix documentary series. David Beckham’s global brand, managed by DB Ventures, saw a majority stake sold to Authentic Brands, a company that also owns Reebok, Hunter, and Ted Baker.
