Victoria Beckham admits she wouldn't enter the fashion industry 'knowing what she knows now' and says she was 'naive' when she launched her brand which took 17 years to turn a profit

Victoria Beckham has revealed she wouldn't participate nan manner manufacture knowing what she knows now pursuing her acquisition of launching her self-titled brand.

The manner designer, 50, told Nicole Kidman during an question and reply for Vogue Australia that she was 'naive and innocent' erstwhile she began moving connected her label.

The mother of 4 admitted that if she had nan knowledge of what it would beryllium for illustration she mightiness not person nan 'courage' to commencement nan aforesaid travel today.

In January it was revealed that her once-floundering brand, Victoria Beckham, is yet turning a handsome profit 17 years aft its launch.

Speaking astir her early acquisition pinch nan marque successful Vogue, she said: 'It was ever my passion to beryllium successful manner and beauty. I'd evidently been successful nan Spice Girls. I took nan plunge, and location was an innocence and naivety. If I knew past what I cognize now, I mightiness not person had nan courageousness to do it, but I didn't really cognize thing astir nan industry. I went into manner successful a very honest, humble way. 

'I conscionable wanted to create apparel I couldn't find myself…And now aft 17 years we're proud to opportunity that manner successful its ain correct is profitable, and for a ready-to-wear marque and an independent marque to beryllium capable to opportunity that is simply a immense achievement…

'And now we're building. I spent galore years moving connected nan foundations and now I tin commencement to build nan location that I ever dreamed about. We person manner that's not conscionable ready-to-wear but we person bags and shoes, we person beauty, which is enormously successful successful its ain right, and now I person fragrance, which for maine is nan halo of nan brand. Now, that makes america a existent house.'

In October nan designer told Vogue France announced the brand had yet made a profit, much than a decade aft launching her ain manner label. 

'This is conscionable nan beginning. I person tons of ambitions, and I activity difficult to execute my goals. I ne'er hold for things to conscionable autumn into my lap,' she said. 

'It's specified an breathtaking time. This year, we made a profit! This takes time, particularly for an independent brand. My perfume isn't a licence - I ain it.

'Now that I person laid down nan groundwork for nan house, nan existent activity tin begin.'

In an question and reply pinch manufacture book Women's Wear Daily (WWD) successful March to observe nan news, her brand's investor, David Belhassen, shone a uncommon spotlight connected nan soul workings of Victoria's empire.

He said revenues were up by a immense 42 per cent to £58 cardinal — and predicted that erstwhile nan business revenge accounts for nan 2022 financial twelvemonth successful December, nan erstwhile Spice Girl would make her galore critics eat their words.

In January 2023, accounts for Victoria Beckham Holdings Ltd revealed losses of £5,887,036 successful 2021, down from £8,581,944 successful 2020.

The fig meant wide losses for nan patient stood astatine £66.3m since its motorboat successful 2008 and board of nan patient - including Victoria and her hubby David - were not paid a dividend.

The luxury manner business has expanded to Europe and nan Middle East, pinch nan yearly accounts saying nan marque was besides expanding into caller products, pinch nan motorboat of leather equipment and nan VB Body range.

Despite large losses, nan Beckham's world empire has reportedly doubled its profits.

Annual accounts revenge pinch Companies House successful London showed nan brace made £11.6m successful nan twelvemonth ending December 2020 contempt nan pandemic – compared to £4.5m successful 2019.

In accounts submitted successful 2021, auditors warned of 'significant doubt' astir Victoria's manner company's expertise to proceed operating erstwhile it was reported nan institution had racked up debts of much than £46million since it launched.

Friends of nan prima said astatine nan clip Victoria was wished to proceed pinch her institution moreover though her detractors person dismissed it arsenic a vanity project.

One said: 'This is what gives Victoria her identity, she loves it and contempt its evident obstacles, she is simply a grafter and hugely passionate astir it.'

In February 2021, it emerged that Posh's beauty scope she group up successful 2019 had suffered a nonaccomplishment of £4.7 million.

A spokeswoman for Victoria said: 'Whilst 2019 was a challenging year, nan business halved its losses - a important measurement successful nan roadworthy to profitability. The motorboat of nan hugely successful beauty statement successful nan aforesaid twelvemonth helped thrust wide revenues up 7% connected 2018 and some businesses are focussed connected profitable growth.

'The showcase of nan caller AW21 manner postulation has been well-received by manner critics and nan beauty business has seen aggregate sell-out products successful caller months.'

The manner label, which has a flagship shop successful Mayfair, London and sells items specified arsenic coats for up to £2,900 each, filed a nonaccomplishment of £12.2million successful 2018, £4.6million successful 2017 and a £8.4million nonaccomplishment successful 2016.