Victoria Beckham’s eponymous fashion business has been valued at £100m after receiving a £30m cash injection from a growth equity firm.
Neo Investment Partners, which is led by David Belhassen, the former Goldman Sachs banker that ran French bakery chain Paul until 2010, has taken a minority stake in Victoria Beckham in exchange for the investment.
The cash will be used to enhance the brand’s digital and physical retail presence, drive growth and allow it to launch into new categories and collaborations.
The company will also move to new West London premises in Spring 2018.
The Victoria Beckham label is controlled by Beckham Brand Holdings, which is jointly owned by Victoria, her husband David Beckham and former Spice Girls manager Svengali Simon Fuller’s XIX Entertainment.
The design team is based in two ateliers in London and the majority of Victoria Beckham’s ready-to-wear line is manufactured in the UK. The brand retails through 400 stockists and in more than 50 countries in store and online.
Victoria Beckham, founder and creative director, said:
“Partnership and collaboration is incredibly important to me - working with an amazing team has been the root of the success of my business over the past ten years.
“Neo is the perfect partner to now accompany us on the next step of our journey: they understand my vision and my wish for the company to retain its independence, as well as my commitment to continuing to develop the brand with a unique, forward thinking approach.”
Fuller added: ”This partnership with Neo will enhance our immediate plans and allow us to expand across all areas of the company with new categories and stronger retail and digital presence.
”2018 promises to be the most exciting year yet with the tenth anniversary celebrations and a move into new premises.”