EBITDA for the year totalled £200,000 (US$253,606), up from a loss of £2 million (US$2.54 million) in 2021, while operating losses dropped to £900,000 (US$1.14 million) from £3.9 million (US$4.94 million) in 2021.

The company, which include fashion and beauty businesses, added leather goods to its product lineup in 2022.

The move has clearly been a success for the company, which reported that’s bestselling product of the fiscal year was the chain pouch bag from the Made in Italy handbag collection.

Victoria Beckham Limited CEO Marie Leblanc said: “The company has shown a highly positive dynamic in 2023 with unprecedented double-digit growth, and a renewed interest in the brand after its third show in Paris. The business is rebalancing towards its direct-to-consumer channels with a significant acceleration of its digital reach and omnichannel experience.”

The company reportedly saw substantial growth in wholesale and online sales in the year with strong performance at its London Mayfair flagship store. Growth has continued in the current financial year across all product categories.

Source: WWD