Victoria Beckham reported a 52% year-on-year rise in revenue to £89.1 million for the year ending 31 December 2023. Operating losses narrowed to £0.2 million for the period, down from £0.9 million in 2022, while its adjusted EBITDA rose by 800% to £1.8 million, up from £0.2 million in 2022. The growth was attributed to strong sales of its gathered-waist midi dress, which accounted for one in every ten online sales in 2023, as well as a 13-fold year-on-year increase in leather belt sales. Victoria Beckham’s leather goods range, which launched in 2022, now accounts for 20% of all sales.