Victoria Beckham, 50, wows in lace as she celebrates her fashion brand’s first profit in 15 years
VICTORIA Beckham is basking in the glow of her fashion brand — though it could easily have gone up in smoke.
The former Spice Girl, 50, says she is “so proud” it turned a profit in 2023 after years spent “fighting fires”.
Posh, who founded her Victoria Beckham business in 2008, will receive the Entrepreneur gong at the Harper’s Bazaar Women of the Year Awards today.
She said: “There was a point when this brand was all fires, and every day we were putting them out.”
The mum of four models a suit and dress from her collection for the new Harper’s Bazaar, on sale tomorrow.
Earlier this year her main backer, David Belhassen, gave the first positive forecast for the company, saying it was expecting to turn a profit when accounts are published next month, with revenue up almost 50 per cent to £58million.
Victoria has seen a surge in sales after pulling in a host of big-name stars, including Kim Kardashian and supermodel Gigi Hadid, to wear her clothes.
The business has also expanded into leather goods and fragrances.
It is a welcome turnaround for Victoria, who has repeatedly filed losses.
In January, accounts showed she had made a loss of £5.8million.
And total losses for the business now stand at just over £66million since its launch.
Auditors even questioned the brand’s future in 2021.