Victoria Beckham’s fashion label makes an annual loss of £12 million

It has been reported that Victoria Beckham's label hasn't made a single profit since the inception of her company in 2008.
Victoria Beckham’s fashion label makes an annual loss of £12 millionVictoria Beckham’s fashion label makes an annual loss of £12 million
  • 0
  • facebook
  • twitter
  • Share on whatsapp

As and how the World is evolving, fashion and style has become even more important. While back in the days it was more about utility, today it is all about the need and a major tool of projecting yourself. With every passing day the competition is majorly increasing, we have new designers stepping in almost everyday. One of the most affluent and eminent names in the fashion world is former spice girl, Victoria Beckham. However, it has been reported that her label has another annual loss as the demand of her clothes, "plateaued". 

 

It has been reported that Victoria Beckham's label hasn't made a single profit since the inception of her company in 2008. This year the loss was reported at £12.3 million. Given the weaker wholesale demand, sales have slipped 16% to  £35 million. The company's chairman, Ralph Toledano stated that their aim is to reach profitability mark as soon as possible. Victoria started off her label with a collection of dresses way back in 2008. The fashion label now sells fashion and accessories in more than 400 stores around the World. 

 

 

Victoria Beckham has often been praised for the quality and design of her work. However, financially they are still looking at breaking even. Earlier this year she also went on to say that this is "not a vanity project". 

 

What is your take on this whole subject? Why do you think more and more designers and fashion houses are shutting down because of increasing losses? Comment below and let us know. 

 

For more on  Fashion & Beauty, follow @pinkvillafashion 

Download the Pinkvilla App for latest Bollywood & Entertainment news, hot celebrity photos, lifestyle articles, fashion & beauty news,Hollywood, K-Drama etc . Click here

Add new comment