×
42 610
Fashion Jobs
KOHLS
Staff Product Manager-Innovation
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Rapid City
KOHLS
Full-Time Loss Prevention Officer
Permanent · Las Vegas
KOHLS
Full-Time Loss Prevention Officer
Permanent · Victorville
KOHLS
Full-Time Loss Prevention Officer
Permanent · Bakersfield
BLOOMINGDALE'S
Division Sales Manager: Bloomingdale’s 59th Street Flagship, Nyc
Permanent · New York
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Kansas City
CLARKS
Assistant Wholesale Marketing Manager
Permanent · Waltham
ADIDAS
Manager Outbound Operations
Permanent · Spartanburg
ADIDAS
Senior Manager, Performance Marketing - Membership (Digital)
Permanent · Portland
ADIDAS
Logistics Manager
Permanent · Pittsburgh
ADIDAS
Technical Manager Maker Lab
Permanent · New York
GAP
Senior Producer- Digital Operations – International Promotions
Permanent · San Francisco
GAP
General Manager- Macarthur Park
Permanent · Irving
HUDSONS BAY COMPANY (HBC)
Analyst, Supply Chain
Permanent · Brampton
PUMA
Analyst, Business Intelligence - Consumer Insights
Permanent · Westford
L'OREAL GROUP
Buyer - (Purchasing/Procurement/Indirect Sourcing)
Permanent · Berkeley Heights
DESIGNER BRANDS
Director, Marketing Advanced Analytics
Permanent · Columbus
THE REALREAL
Sales Analyst, Business Strategy And Analytics
Permanent · San Francisco
THE REALREAL
Authentication And Brand Compliance Lead
Permanent · Perth Amboy
OLD NAVY
Assistant General Manager, Merchandising - Crossroads at Baileys
Permanent · Falls Church
COTY
E-Commerce Key Account Sales Manager
Permanent · New York

Victoria Beckham cuts staff numbers

Published
today Apr 2, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Victoria Beckham’s fashion business is cutting up to 60 staff posts after a strategic review on behalf of its new investors showed its current operating model to be staff-heavy.



Victoria Beckham - Fall-Winter2018 - Womenswear - New York - © PixelFormula


That's according to a number of reports in UK newspapers. They said that the loss-making company, which was in the red to the tune of £8.5 million last year, has been analysed by management consultants working for Beckham's new backers Neo Investment Partners.

If true, it's perhaps unsurprising. Beckham launched her label a decade ago and it has since grown organically without the involvement of outside investors or any of fashion’s big names at executive level. 

However, the cash infusion from Neo and the recent arrival of Ralph Toledano as chairman were always likely to lead to the company being put on a more sustainable business footing.

While many of the press reports understandably tended to focus on the more negative side of the new strategy and the salacious element of Beckham’s own salary, it seems that the consultants said the operational structure had been “unfeasible” in its existing form.

The 60 job losses reportedly represent around a third of the total roles at the company.

The Daily Mail reported that Beckham, who earns £0.7 million from the business, has upset some staff because she didn't deliver the redundancy news in person. 

The company, VB Ltd, is based in Battersea, South London and has shops in London's West End and in Hong Kong.

A Beckham spokesman told the newspaper: "The board has been focusing on returning the company to profitability. The structure is being reviewed to the right size, in line with its financial targets, in consultation with its staff."

Copyright © 2020 FashionNetwork.com All rights reserved.