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New launches in clean beauty help narrow fashion house losses.
By: Tom Branna
January 3, 2022
Thanks to “clean beauty” launches, Victoria Beckham Beauty's sales more than tripled to nearly $10 million in its first full year of trading. However, parent company sales fell 6%, while losses fell by nearly 50%. The company said “several successful beauty launches” in the year had helped to establish the brand as “the best in class in clean, luxury beauty and skin care.” Maybe, but Victoria Beckham Holdings, which includes the fashion business, reported sales fell 6% to $48.6 million at current exchange rates.
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