She may have opted out of the recent Spice Girls reunion tour to focus on her fashion business, but Victoria Beckham's company has reported a loss of over £12million in a year.
Wholesale revenues of the business grew by double digits in the UK, but "current challenges affecting department store retailers" resulted in a fall in international markets. "Our goal is to reach profitability as soon as possible. I firmly believe that our destiny is in our hands. DB Ventures made just £11.5million in the past year, compared to the £23.2million they made in 2017-18.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victoria Beckham fashion label makes another lossThe label has not made a profit in 11 years, despite being sold all around the world. This doesn't mean she'll try and sing again does it ? 🙉 Why am I forced the pay the BBC TV licence for this kind of trash reporting? Scrap it now.
Source: BBCNews - 🏆 3. / 97 Read more »
Victorian sex work inquiry to review outdated and 'unfit for purpose' lawsA day after Northern Territory legalises sex work, Victoria announces first large-scale review of sex industry in more than 35 years
Source: The Guardian - 🏆 84. / 53 Read more »
New Year's Eve knifeman sentenced to life after admitting a terror offenceA terrorist who carried out an unprovoked attack on commuters at Manchester Victoria station has been sentenced to life with a minimum term of 11 years. Jails soon full of muslims 'Life sentence 11 years' new tough on crime policies with increased sentences will be introduced by patel4witham VoteConservative GE2019
Source: The Telegraph - 🏆 41. / 63 Read more »
Freddie Mercury: What Queen star's mother Jer thought of Mary Austin - in her own wordsFREDDIE MERCURY’S mother Jer gave a poignant interview about losing her son, the legendary Queen singer, 20 years after his death, speaking out on his former lover Mary Austin.
Source: Daily Express - 🏆 26. / 68 Read more »