Losses widen by 24 percent at Victoria Beckham's fashion label

While revenues at Victoria Beckham's luxury fashion label increased 17 percent to 42.5 million pounds (53.6 million dollars) in 2017 compared to 36.4 million pounds in the prior year, losses widened by 24 percent to 10.2 million pounds (12.8 million dollars) compared to 8.2 million pounds as it continued to invest in the business and build its talent base. However, the company said, “its shareholders are committed to reducing this loss and expect to break even in the medium term.”