Beckhams net £8m windfall but Victoria’s fashion range is still in the red

Beckham’s net worth is £8 million, but Victoria’s fashion range is still in the red. Updated: December 30, 2022 19:01 EST

Davidand Victoria Beckham shared an £8 million dividend from their business empire. The power couple, who celebrated the marriage of their eldest son Brooklyn to American heiress Nicola Peltz this year, entered 2022 after sales across their venture surged after the lockdown. Beckham Brands Holdings, which serves as the head of her fashion and beauty company, said in a financial statement filed yesterday that its profit for 2021 reached £19.1m, up from £11.6m a year ago. did. Power couple: Mr. and Mrs. Beckham entered her 2022, feeling exhilarated after sales across the business surged after lockdown. It was something. The former England footballer’s brand has been licensed to video game producers Electronic Arts, Adidas, watch companies and more. Tudor, whiskey brand Haig Club, car maker Maserati. DB Ventures’ turnover surged from her £11.4m to £34m and her profit rose from her £12.9m to £24.1m. Mrs Beckham’s arm, which has been bolstered by her husband’s success in her past, saw her turnover increase by 13% to her £40.9m and her loss from her £8.7m. reduced to her £5.9 million. Victoria Her Beckham Holdings, partly owned by Mr. and Mrs. Beckham and partly owned by her London private equity firm Neo Her Investment Partners, has launched a turnaround plan in 2021. Line VVB – Under one brand, we have “reorganized” all processes from sourcing to manufacturing to delivery. CEO Marie Leblanc said: We are entering a new chapter and our energies are focused on accelerating growth and maximizing the brand’s potential. We have great expectations as sales continue to accelerate.” The company also owns a stake in the US “football” club, Inter Milan, owned by Mr. Beckham, along with his brothers Jorge and Jose Mas. At the end of 2021, his stake in the football club was valued at £23m, according to accounts.

Please share or comment on this article:

Some links in this article may be affiliate links. Clicking them may earn you a small commission. This helps fund This Is Money and make it free to use. I don’t write articles to promote products. We do not allow any commercial relationships that affect our editorial independence.

popular money section
take me to…

Source link

Leave a Reply