The modeling agency established by Kate Moss has reported its initial financial loss since its inception, marking a decline of approximately 2.1 million euros over the past year. According to the most recent financial accounts, the company, which was founded in 2014, experienced a decrease in its retained earnings. Specifically, the figure dropped from an estimated 5.9 million euros to approximately 3.8 million euros as of last April.
The agency manages the careers of several notable models, including Kate Moss herself and her daughter, Lila Moss, according to reports. Sources familiar with the supermodel indicated that the decision to launch the agency stemmed from frustration with the substantial commissions charged by other established modeling agencies. Historically, the business had demonstrated sustained growth for more than a decade, making the current reported loss a significant deviation from its previous financial trajectory.
The financial downturn represents the first recorded instance of a loss for the firm. The reported fluctuation in the retained earnings, measured in the millions of euros, signals a shift in the company’s financial performance compared to prior years of consistent expansion.
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