Victoria Beckham CEO Marie Leblanc Steps Down Amid Brand’s Growing Success
Key Takeaways:
• Marie Leblanc’s Departure: Victoria Beckham’s CEO, Marie Leblanc, will step down to return to France for personal reasons.
• Interim Leadership: Ralph Toledano, Chairman of Victoria Beckham Ltd. (VBL), will temporarily assume the role of CEO until a successor is named.
• Company Growth: Under Leblanc’s leadership, the brand transitioned to profitability, increasing revenue to £89.1 million in 2023.
• Next Steps: Victoria Beckham Ltd. will begin a search for a new CEO as it moves into a new chapter of growth.
Victoria Beckham Ltd. (VBL) announced that its CEO, Marie Leblanc, is stepping down after five years in the role. Leblanc, who has been instrumental in steering the luxury fashion house from loss-making into profitability, is leaving to return to France and be with her family. Her departure comes just a week after the brand’s latest runway show.
Ralph Toledano, Chairman of VBL, will serve as interim CEO until a permanent replacement is found.
Leblanc initially joined the company in 2018 as Product Director before being promoted to CEO in 2019. She played a pivotal role in revitalizing the business, leading the brand’s move from London Fashion Week to Paris Fashion Week, where its collections have received positive acclaim. Under her leadership, Victoria Beckham Ltd. achieved three consecutive years of double-digit revenue growth, culminating in £89.1 million in total revenue in 2023.
Victoria Beckham, Founder and Creative Director of the brand, expressed her heartfelt gratitude to Leblanc, describing her as an “incredible partner and CEO.”
Leblanc, in her statement, praised her time at the company, acknowledging the contributions of the team and the backing of investment partner NEO. She highlighted the development of a new brand value proposition as a cornerstone of the business’s turnaround.
David Belhassen, Founder & Managing Partner of NEO Investments, which holds a 30% stake in the business, commended Leblanc for her strategic vision and leadership, noting that she exceeded expectations when she took on the role of CEO.
As the fashion house searches for its next leader, it remains focused on maintaining its recent momentum and continuing its upward trajectory in the industry.