David Beckham business continues to boom, Victoria Beckham losses shirnk

David Beckham’s holding company continued to prosper in the last year with Victoria Beckham’s fashion label improving its performance, although it remained loss-making.

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Accounts just filed have shown that in 2022, Victoria Beckham’s operating losses shrank to £0.9 million from £3.9 million and pre-tax losses narrowed to £3.1 million from £5.9 million a year earlier. Sales rose 44% to £58.8 million, through its in-store, online and wholesale channels, as her beauty products proved popular and her Paris Fashion Week show bolstered the fashion brand. 

But the filings also said the business will continue to need cash injections and shareholders of the firm have provided almost £7 million in loans in the last year. The investors include the Beckhams themselves, plus former Spice Girls manager Simon Fuller, and private equity firm Neo Investment Partners. 

Meanwhile, the David Beckham business more than doubled its revenue in 2022. Its revenue was boosted by licensing deals and other partnerships, with Sands, Maserati, Panini, and Guild eSports being just a few of the deals the former star footballer has.  

His DRJB Holdings said revenue rose to £72.6 million from £34.3 million in 2021. The majority of that was from those brand partnership and licensing deals, which included a high-profile role as an ambassador for the 2022 FIFA World Cup in Qatar. 

Operating profit rose to £21.9 million from £16 million but pre-tax profit dropped to £10.8 million from £23.5 million on the back of administrative expenses.

The accounts show that the Beckham brand is still a hot property even as his footballing in career becomes more distant. His business empire includes esports and his co-founded MLS football team Inter Miami CF. Then there’s his media interests that included a lucrative Netflix documentary series that boosted profits last year too.

Beckham’s global brand is overseen by DB Ventures and last year he sold a majority stake in that to the ever-acquisitive Authentic Brands, which also owns Reebok, Hunter and Ted Baker.