Month Archives: December 2018

'Victoria Beckham fashion firm
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Victoria Beckham fashion firm’s losses deepen

Image copyright PA Image caption Victoria Beckham at this month's British fashion awards where she was nominated for Designer of the Year 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. Image copyright Getty Images Image caption The company now has offices in London, New York and Hong Kong In addition, it also produces a far ..

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