Luxury spending slowdown? Victoria Beckham’s brand shrugs off the wider downturn

In a picture posted up on Instagram, Victoria Beckham announces her new latest beauty product. Her business is bucking the luxury spending downturn. Photo: Instagram/Victoria Beckham

Victoria Beckham’s fashion and beauty brand has shrugged off the wider downturn in the luxury sector as sales shot sharply higher last year.

The popstar and designer’s business Victoria Beckham Ltd also cut its losses for the year as it was buoyed by strong demand for its premium beauty products, according to freshly filed accounts.