Victoria Beckham Halved Losses During 2020

Sales at former pop singer Victoria Beckham’s namesake fashion and beauty brand fell 6 percent in 2020 to £36.1 million ($48.7 million), but its losses diminished significantly thanks to restructuring and cost cutting efforts, the company said.

Fashion sales were hit by retail closures due to the coronavirus pandemic, though that decline was offset in part by the rollout of Victoria Beckham Beauty, which reported £7.3 million in sales in…