Victoria Beckham Fashion & Beauty Empire: Growth, Glamor—And Persistent Cash Burning!

Guest Contributor
Wed, 27 Aug 2025 10:12:49 +0000
Investor Briefing, Luxury Toys, ticker, Wealthy People, David Beckham, DB Ventures, DRJB Holdings, Victoria Beckham

ictoria Beckham’s fashion/beauty group is scaling rapidly but burns money and remains reliant on shareholder support. Losses widened in 2024 despite double-digit revenue growth; a fresh shareholder loan keeps the runway open. The Beckham household, meanwhile, remains financially formidable

Bottom line: Victoria Beckham’s fashion/beauty group (VictoriaBeckham.com and VictoriaBeckhamBeauty.com) is scaling rapidly but burns money and remains reliant on shareholder support. Losses widened in 2024 despite double-digit revenue growth; a fresh shareholder loan keeps the runway open. The Beckham household, meanwhile, remains financially formidable—largely thanks to David Beckham’s brand machine and his stake in Inter Miami CF.

Key takeaways

New money in: Shareholders (incl. Victoria & David Beckham and PE backer Neo) extended ~£6.2m of loans to the brand as losses grew. A ~£4.1m bank loan is due soon but is expected to be extended. Net liabilities narrowed to ~£29.7m (from ~£39.7m) (Source: The Guardian).

Top line up, profit elusive: 2024 revenue rose ~26–27% to ~£112.7m, marking a 4th straight year of double-digit growth—powered by beauty (eyeliners, lipsticks) and DTC retail. Operating loss widened to ~£1.6m, with total loss ~£4.8m after finance costs (Source: thetimes.co.uk,uk.finance.yahoo.com,The Guardian).

Narrative control: Management calls 2024 “pivotal,” flags more wholesale doors and a Netflix tie-in around Paris Fashion Week to amplify brand heat. Translation: still in scale-before-profit mode (Source: thetimes.co.uk,uk.fashionnetwork.com).

Read our latest report on the money-making machine David Beckham.

What the filings and coverage say

Revenue engine: Beauty SKUs and “accessible luxury” accessories are doing the heavy lifting; store + online now account for the majority of sales (Source: thetimes.co.uk).

Liquidity & leverage: Continued reliance on shareholder loans signals ongoing cash needs to fund growth and carry working capital through fashion’s lumpy calendar. Expect price/mix and cost discipline to be the near-term levers (Source: The Guardian).

Context vs 2023: Last year’s narrative was “losses narrowing as sales jumped 50%.” 2024 shows that higher scale didn’t yet translate into bottom-line traction—finance costs and opex offset the growth (Source: The Guardian).

Pinch-of-salt analyst take

The brand is behaving like a scaled venture: solid demand + celebrity halo, but profits postponed while distribution expands. Beauty looks like the profit pool; fashion remains the brand’s cultural engine (and cost center). Unless gross margins and sell-through improve further (or beauty mix rises faster), more shareholder support is likely in 2025.

The Beckhams’ net worth (our calculation from public sources)

Anchor estimate: The Sunday Times Rich List 2025 pegs David & Victoria Beckham at ~£500m combined (Source: thetimes.com,HELLO!).

Cross-check / decomposition (indicative):

1. Inter Miami CF stake (David Beckham): Analysts cited by The Times value the club near $1.2bn; David’s stake is cited at ~26%, implying ~$312m (≈ £240–£255m) for his share (FX-adjusted range) (Source: thetimes.com).

2. Brand businesses & image rights (DB Ventures / DRJB Holdings): Strong profitability and ~$124m aggregate dividends across 2023–early 2024; ~£28m in dividends since 2022 reported by The Guardian. While dividends don’t equal equity value, they support a material enterprise valuation for David’s brand companies (residual component in the Rich List figure) (Source: Sports Business Journal,ssg.events,The Guardian).

3. Property & other assets: High-end UK real estate and financial investments likely fill the remainder. (Not itemized publicly; consistent with the £500m composite.) (Source: HELLO!).

Conclusion: Using the Rich List as the top-line and reconciling major components, a reasonable current combined net-worth point estimate is ~£500m, with David Beckham representing the majority via Inter Miami + brand IP, and Victoria Beckham contributing through her holdings in the fashion/beauty business (still loss-making but growing).