Victoria Beckham playfully remarked that her niece Libby Adams was 'learning from the best' as she shared a nostalgic throwback photograph to commemorate her 27th birthday on Sunday. The 52-year-old businesswoman took to social media to honour the London-based influencer, posting a cute childhood picture of Libby sunbathing on a lounger by the pool, wrapped in a zebra-print towel.
Birthday Tribute
Alongside the image, Victoria wrote: 'Happy birthday!!! We all love you so much!! @libbyadams learned from the best!!' The fashion designer also shared another classic snapshot of herself and husband David doting on Libby as a baby, captioning it: 'Baby @libbyadams, we love you sooooo much!! Hope you are having the most magical day!!'
Fashion Business Update
On Tuesday, Victoria revealed she is open to selling her fashion business, valued at a staggering £100 million, after a 20-year journey to gain recognition as a designer. The former Spice Girls star's company reported debts of £53.9 million in 2022, but profitability was imminent following a sold-out collection that year. Now, with fashion line revenues exceeding £100 million, Victoria—who once borrowed £30 million from her husband David's company—stated she would 'never say never' to selling.
However, she insisted she won't return to singing, having 'passed the baton onto talented son Cruz'. Speaking to the Financial Times, Victoria said: 'I would never say never and I like to look at opportunities. But at the moment I am looking at growth but I would never say never.' She added: 'I'm very excited, this is breaking news, my store in London is showing there is an appetite so we are about to open in New York and Miami. For me until I open the store in NY and Miami, I have been reliant on online but I want to be able to control the experience from the client walking in the store. The next step is retail expansion and we will see where it goes next. I'm very lucky. I'm building a legacy brand there are categories I haven't entered yet so we see a big opportunity and we spent a long time fixing and now it's time for growth. I want to build the house.'
Pride in Accomplishments
Victoria gushed that she is 'very proud' of everything she has achieved in the fashion industry after years of struggling to be taken seriously. 'I feel accomplished, it's been a roller coaster over the last 25 years and I was transparent in my Netflix documentary but to be able to say that fashion and beauty is profitable that is something I am very very proud of.' Despite some Spice Girls fans hoping for a comeback, the mother-of-four insisted her singing career is over: 'Music has been a huge part of my life, my dad was in music and I was but I've handed the baton over to Cruz now, he is very talented.'
Marriage and Wealth
Victoria shared that the secret to her 26-year marriage with David is mutual support: 'The best bit of advice is we support each other and respect each other. We support each others big dreams. People don't realise David is incredibly smart, he has businesses and I absolutely turn to him, but not necessarily with the clothes but the business side.' It comes as David and Victoria officially entered the billionaire ranks, doubling their wealth in the last year to a combined fortune of £1.185 billion, according to The Sunday Times Rich List.
Business Journey
Victoria launched her eponymous fashion collection in 2008 with just 10 bodycon dresses. It swiftly grew to include handbags, coats, shoes, and accessories. However, the line was not an instant success; it took 14 years before the company became profitable. In 2011, sales exceeded £15 million, but profitability remained elusive. By 2015, annual revenue doubled to £34 million, but losses also rose due to aggressive expansion. In 2017, Victoria secured £30 million in investment from Neo Investment Partners. Despite this, the company posted losses of £12.3 million in 2018 and £16.6 million in 2019—marking 11 consecutive years of losses. David reportedly bailed out the brand with a £23 million cash injection in 2019, including a £4 million loan and £6.6 million in cash. The launch of Victoria Beckham Beauty in 2019 became a major revenue driver. In 2021, auditors warned of 'significant doubt' about the business's ability to continue due to £46 million debts. The label had borrowed over £30 million from other parts of the Beckham empire. In her Netflix series, investor David Belhassen revealed he helped curb her excessive spending, including £85,000 on office plants. Weeks before her Paris Fashion Week debut in 2022, debts were £53.9 million, but profitability was near, with a collection blending mainline and diffusion sensibilities.
