DRJB Holdings — better known as David Beckham‘s company — has released its 2024 results and has seen what it said was “a record year of growth”. It added that the group’s growth momentum has continued into 2025.
David Beckham – DR
Last year it saw profits rising in double-digits as well as the signing of new “strategic multi-sector partnership adventures” in new fields globally.
The umbrella company for David Beckham’s business activities saw consolidated revenue for the year up 1% in dollar terms to $92.3 million (£72.2 million) from $91.2 million (£73.4 million). As you can see, the British pounds conversion for the previous year’s results mean consolidated revenue actually dipped in that currency this time.
Meanwhile consolidated net profit increase 24% in dollars to $44.9 million from $36.2 million and also increased in pounds, rising to £35.1 million from £29.1 million.
These results follow the 2022 investment in David Beckham Ventures Limited by Authentic Brands Group, the giant owner of sports, lifestyle and entertainment intellectual property, forming a partnership to manage the brand globally.
Since the formation of this global management partnership, the David Beckham brand “has grown consistently” and 2024 saw the aforementioned double-digit profit growth “as the brand continued to thrive, securing partnerships with world-leading brands whilst entering into innovative new business ventures”.
The company said “the global appeal of the brand’s licensed businesses continued to rise” last year with eyewear manufacturer Safilo acquiring the perpetual license to design, produce, and distribute the eyewear collection, “solidifying the brand’s position in the premium eyewear market and ensuring ongoing innovation in collaboration with Beckham”.
It also secured its multi-year deal with Boss, which saw the launch of a new David Beckham collection, and in terms of scope was a first of its kind partnership for Boss menswear.
The group has moved into the wellness sector too and other strategic partnerships signed in the year were with Bowers & Wilkins, Stella Artois, and Shark Ninja.
Since the end of the reporting period, further new commercial brand partners have been added to the portfolio, with new contracts entered with brands such as US telecoms giant Verizon, and more to be announced over the coming months in the build-up to the 2026 FIFA World Cup.
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.