Label’s new pricing structure amid pandemic aims at dressed-down look and broader customer base
Victoria Beckham is reducing the average selling price of her dresses by almost 40% by switching to simpler silhouettes and fewer embellished fabrics, in a move that points to how the fashion industry may adapt to the disruptions to lifestyle and budget caused by the pandemic.
Marie Leblanc, the CEO of the label, said the changes were necessary to “future-proof” the brand, which has yet to turn a profit despite being one of the most high-profile names in British fashion for the past decade.
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