Victoria Beckham's fashion company has recorded its first operating profit after 18 years of trading, according to BBC. The milestone was confirmed in the company's latest financial results, which also showed double-digit sales growth, as reported by WWD.
The turnaround marks a significant shift for the brand, which had sustained losses since its launch in 2008. BBC reports that the company has now achieved profitability for the first time in its history. Financial Times also noted the brand's turnaround after years of losses, while Vogue confirmed that Victoria Beckham Holdings has reached profitability.
According to Forbes, the positive results come as the company prepares to open a new store in New York. The outlet described the move as part of the brand turning its "dream into profit." The exact figures behind the profit were not disclosed in the available reporting, but the double-digit sales growth was highlighted by WWD as a key driver.
The company, which includes both fashion and beauty lines, has faced a challenging retail environment in recent years. The first profit follows a period of restructuring and cost control, though specific details on those measures were not included in the source material.
What to watch next: Whether the New York store opening will sustain the brand's momentum and help it build on its first profitable year.
