Victoria Beckham Brand gets a 6.2 million pounds loan from Stars and Backer with loss of losses | Victoria Beckham
David and Victoria Beckham and the NEO private stock company pumped 6.2 million pounds in the former Spice Girl Fashion Empire this year, as the losses expanded to about 5 million pounds despite the increase in sales last year.
Sales increased by 26.5 % to 112.7 million pounds in 2024, the fourth year of growth respectively, helped by strong sales online and in the pioneering store in Victoria Beckham in London, as well as a 24 % jump in online sales of cosmetics, including the new hidden pen.
However, the accounts raised at the Companies House show that the shareholders have provided an additional loan of 6.2 million pounds this year amid “material uncertainty that may suspect the ability of the group and the company to continue as a constant anxiety.”
The uncertainty included this need to extend a 4.1 million pounds of bank loan, which the accounts say is scheduled to be paid next week, after pre -tax losses expanded to 4.8 million pounds, from 2.9 million pounds in 2023. It is understood that the extension of the loan will be signed later this week.
The latest cash injection comes at the head of 6.9 million pounds in cash and loans provided by shareholders in the company last year. Among the shareholders are the former SPICE GIRLS manager, the founder of Pop Idol Simon Fuller, as well as NEO and BECKHAMS.
The accounts said that these new funds were helping to “maintain the group growth plans”, “driving cost discounts” and “simplify operations and create a long -term model.
The plans include a presence in more stores across the United Kingdom and France, while the brand will get an elevator from the launch of Docuseries in Victoria Beckham on Netflix, which will focus on the width of the Fashion Week in the spring/summer of Paris.
The net business obligations are 29.7 million pounds, a number of approximately 10 million pounds in the previous year.
Despite the ongoing losses in fashion and beauty, Victoria and David Beckham are valued at 500 million pounds, according to the last Sunday Times Rich list.
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David Beckham has received 28 million pounds from profits from his personal imperial trademark since 2022, as it helped the new trade tie with companies such as Stella Artoa and Bos to compensate for losses in the TV production studio.
The former England captain, who retired from professional football in 2013, sold a 55 % stake in his business in 2022 to authentic brands for 200 million pounds.