Victoria Beckham CEO Steps Down

Victoria Beckham CEO Marie Leblanc is stepping down to spend time with her family in France, the company said Monday. Company chairman Ralph Toledano will step in as interim CEO until a permanent successor is named.

Leblanc joined the company in 2018 as product director and was named chief executive a year later. During her tenure, she has helped reposition the brand and expand into lower-priced categories, including small leather goods and fragrance.

The revamp has helped boost sales, which grew by 52 percent to £89 million ($116 million) last year, but the company remains loss making.

In a press release, Toledano said Leblanc was leaving the brand primed for “accelerated growth.”

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Victoria Beckham Losses Shrink as Sales Soar 50% at Fashion Brand

The fashion and beauty business reduced losses to £200,000 with a 52 percent sales surge to £89 million last year, driven by online growth and expansion into new product areas.