Victoria Beckham’s fashion label has sunk further into the red despite a 17% rise in sales.
The former Spice Girl’s company, Victoria Beckham Limited (VBL), will file accounts this week that reveal an operating loss of £10.2m in the year to December 2017, widening from £8.2m the previous year. Revenues rose to £42.5m.
Details of dividends paid to Beckham and her husband, David, are expected to be revealed later this week when the couple’s joint company also files its accounts.
Losses widened for VBL despite the success of Beckham’s limited edition range with the US high street chain Target and a makeup line with Estée Lauder. Sales rose at the main Victoria Beckham ready-to-wear range, which this year celebrated its 10th anniversary with its first show at London fashion week, as well as accessories and eyewear.