VICTORIA Beckham’s beauty range has seen her suffer an ugly loss of £4.7million.
Yesterday Victoria Beckham Ltd, which covers just her fashion firm, showed a loss of £11.8million.
Posh Spice’s beauty range has made a loss of £4.7millionCredit: BackGrid
It comes just a day after Victoria Beckham’s fashion brand, Victoria Beckham Ltd, reported a loss of £11.8millionCredit: Getty Images – Getty
Last month parent company, Victoria Beckham Holdings, which covers fashion AND beauty, released figures showing a loss of £16.5million.
The £4.7million gap is a major blow to the ex-Spice Girl and mum-of-four, 46.
Designer Victoria set up the make-up and skincare range in January 2019 and it started trading that October. She hoped it would lift the fortunes of her fashion brand, launched in 2008 but which has reported increasing losses.
Its latest available figures, covering 2019, do show the clothes line reduced losses for the first time in seven years — by £500,000.
The designer launched her beauty and make-up range in January 2019 and started trading in October of that yearCredit: instagram.com/victoriabeckham
Victoria Beckham Ltd declined to comment on the news
An insider said: ‘Taking the extensive set-up costs into consideration, the balance sheet suggests it has got off to a challenging start’Credit: Instagram
An insider said: “Victoria’s cosmetics range proved popular to begin with, and many lines sold out within days. But even taking the extensive set-up costs into consideration, the balance sheet suggests it has got off to a challenging start. It remains to be seen how well the business can recover.”
Victoria Beckham Ltd declined to comment.
This week we told how the stars’ sister Louise Adams has a job ushering cars into a Covid testing centre in Essex.
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