Victoria Beckham is set to cut staff at her fashion label by nearly a fifth – around 20 jobs. Sales at her business were badly hit by the coronavirus pandemic, which forced her flagship London store to close back in March as the UK went into lockdown. The mother-of-four is also planning to halve the number of yearly fashion collections she releases to save costs.
Her spokesperson confirmed to the Mirror: “Like so many businesses, a challenging retail landscape coupled with the unforeseen effects of the coronavirus pandemic, has adversely impacted the Victoria Beckham business. As a response, we have built a new strategic vision to streamline and future-proof the brand and, very sadly, have to make a number of redundancies to deliver this.”
It comes after 46-year-old Victoria – who has a combined wealth of £330 million with husband David Beckham – faced a backlash for using the government scheme to furlough 25 of her staff members. After criticism, she later made a U-turn and reversed her decision.