Victoria Beckham Ltd

The brand’s sales have grown by double-digits for the past four seasons, CEO Marie Leblanc said.

The worst quarter in the history of the modern luxury business was also its best ever for digital sales.

Fashion veteran Ralph Toledano, who was appointed chairman in March 2018, will lead the business going forward as he aims to revive the loss-making brand.

From Richemont to Kering, some of the biggest names in luxury reported strong growth in their end-of-year results, with the majority citing the Chinese market as a key driver.

This week, Kering appoints Ginevra Elkann as its latest board member, while Simone Marchetti joins Vanity Fair Italia as editor-in-chief.