Victoria Beckham Ltd. Revenue Rises 52% in 2023

Victoria Beckham Ltd. reported a significant 52% increase in revenue, reaching £89.1 million in 2023, as it continues to strengthen its position in the luxury market. The company, managed in partnership with Neo Investment Partners, also saw adjusted EBITDA rise by 800% to £1.8 million, while operating losses were reduced to £0.2 million from £0.9 million the previous year. Key drivers of this growth included robust sales of the gathered-waist midi dress and a remarkable 13-fold increase in leather belt sales, alongside the successful launch of its first fragrance collection. CEO Marie Leblanc highlighted the company's strategic repositioning and strong consumer following, bolstered by successful Paris Fashion Week shows. Despite tough conditions in the luxury sector, Victoria Beckham’s brand has recorded its third consecutive year of double-digit growth, with expectations of continued momentum into 2024. The business's growth trajectory reflects a solid foundation as it aims to establish itself as a global luxury house.