The 49-year-old fashion star, who is excited by this financial milestone, said, "This is just the beginning," in an interview for Vogue France's cover story. I strive hard to accomplish my goals because I have a lot of desires. It's such an amazing time when things just fall into your lap, therefore I never wait for that. This year was profitable for us."
Victoria Beckham's fashion house, which had previously borrowed a substantial $30 million from other businesses owned by the Beckhams, has come a long way. She emphasized that it takes time, especially for an independent brand, but now that the groundwork has been laid, the real work can truly begin.
Earlier this year, Victoria Beckham Holdings Limited reported losses of $5,588,736 in 2021, a significant improvement from the $8,581,944 losses in 2020. These losses have contributed to the brand's cumulative losses, which now stand at a staggering $66.3 million, 15 years after its establishment.
While Victoria and her husband, David, along with the firm's directors, have not received dividends, the brand is expanding its horizons. Victoria Beckham's business has extended to Europe and the Middle East, and there are plans to venture into new products such as leather goods and the VB body range. With hard work and strategic changes, Victoria Beckham is on her way to reviving her brand, serving as a living example of the saying that "failure is the mother of success."
On the contrary, Meghan Markle seems to be facing a downturn in her career prospects. Reports emerged that Meghan had missed a potentially lucrative opportunity when Audible, Amazon's audio company, denied any negotiations for a multi-million dollar deal, stating, "There is no truth to the reports, and Audible is not in negotiations with Meghan Markle."
Moreover, Meghan's return to Instagram, after deactivating her personal account following her engagement to Prince Harry, has raised questions about her financial situation. Some speculate that she may consider posting sponsored content, a common practice among influencers, as a means of generating income. Meghan and Prince Harry are reportedly facing financial challenges following Spotify's struggles, which could lead them to explore affiliations with fashion brands and other avenues to boost their income.
In recent developments, Meghan rapidly acquired Instagram followers, hinting at her potential foray into the world of social media influencers. While the future remains uncertain, it appears that Meghan Markle is actively seeking ways to stabilize her financial situation and regain a foothold in her career.
