Victoria Beckham Sees Revenue Boost in 2023, with Dresses and Leather Goods as Bestsellers

Victoria Beckham reports a 52% increase in revenue in 2023, with fashion and leather goods standing out as bestsellers.

Victoria Beckham Ltd. has reported an impressive 52% increase in its revenue for the fiscal year 2023, reaching £89.1 million compared to the previous year. The private company, which brought forward its results report, also saw a significant rise in adjusted EBITDA, reaching £1.8 million compared to £0.2 million in 2022.

This year marks the third consecutive period of double-digit growth, with strong sales in fashion and accessories through its wholesale channels, online, and at the flagship store in Mayfair, London. Despite a general weakening in luxury demand, Victoria Beckham continues to advance with solid momentum into 2024.

Among the top-selling products are a midi dress with a ruched waist, accounting for one in ten online sales, and a collection of leather goods launched in 2022, with belts showing a demand thirteen times higher than the previous year.

Victoria Beckham Beauty, which will celebrate its fifth anniversary next month, also grew in 2023 with new launches and expansions in makeup and skincare, including a collaboration with Augustinus Bader.