David Beckham’s business empire is flourishing, with his holding company reporting significant growth in revenue. The same can be said for his wife Victoria Beckham’s fashion label, which despite remaining in the red, showed signs of improvement.
According to recently filed accounts, Victoria Beckham’s operating losses for 2022 decreased from £3.9 million to £0.9 million, while pre-tax losses narrowed from £5.9 million to £3.1 million compared to the previous year. Sales of her fashion brand increased by an impressive 44% to £58.8 million, driven by the popularity of her beauty products and a successful Paris Fashion Week show. However, it is worth noting that the business still requires additional funding, and shareholders, including the Beckhams themselves, Simon Fuller (former Spice Girls manager), and private equity firm Neo Investment Partners, have injected nearly £7 million in loans over the past year.
On the other hand, the David Beckham business experienced more than double its revenue in 2022. This substantial growth can be attributed to various licensing deals and partnerships, including collaborations with Sands, Maserati, Panini, and Guild eSports. One of the key factors behind this boost in revenue was Beckham’s prominent role as an ambassador for the 2022 FIFA World Cup in Qatar. DRJB Holdings, the company overseeing David Beckham’s commercial ventures, revealed that revenue increased from £34.3 million in 2021 to £72.6 million.
Although operating profit rose from £16 million to £21.9 million, pre-tax profit dipped from £23.5 million to £10.8 million due to higher administrative expenses. Nevertheless, it is evident that the Beckham brand is highly sought-after, even as David’s football career becomes more distant. His business interests extend beyond football, encompassing esports and the co-founded MLS football team Inter Miami CF. Furthermore, Beckham’s media ventures, such as a lucrative Netflix documentary series, have boosted profits in the previous year.
Overseeing Beckham’s global brand is DB Ventures, which sold a majority stake to acquisition-hungry Authentic Brands last year. Authentic Brands, known for its ownership of Reebok, Hunter, and Ted Baker, recognizes the immense value of the Beckham brand.
This thriving business empire not only showcases the entrepreneurial skills of the Beckham couple, but it also emphasizes their ability to diversify their interests and remain relevant in various industries. As their respective ventures continue to prosper, the Beckhams solidify their status as successful business moguls.
Useful Links:
1. David Beckham’s Official Website
2. Victoria Beckham’s Official Website
