Debts are piling up, she's partying on a yacht: Kate Moss and her daughter spotted in Spain
Her company owes about $3 million to creditors, luxury inventory is facing destruction, and only about 14,000 shekels remain in the coffers. Yet, the supermodel was caught spending a sunny day with her daughter on a luxury yacht that costs thousands of shekels a day. Were the debts left on the shore?
While creditors of her wellness and skincare brand, Cosmoss, will not see a cent of the approximately $3 million owed by the company, supermodel Kate Moss (52) was spotted with her daughter Lila Moss (23) enjoying a getaway on the Spanish island of Formentera. Moss was seen on a rented yacht, which costs about 5,420 shekels per day.
Sporting a black one-piece swimsuit, Moss enjoyed a dip in the Mediterranean. Her daughter Lila, whom she shares with former partner Jefferson Hack, joined the vacation alongside friends. Moss, who famously dated Johnny Depp in the 90s, appeared completely unbothered by her financial woes, smiling and waving at the cameras while showing off her figure during a head-first dive into the sea.
These images surface against the backdrop of reports that Moss's company is currently in liquidation. It has been revealed that remaining inventory worth nearly a million shekels will be destroyed, as it was determined the products could not be sold on the open market. The brand, launched four years ago, sold vegan products like face oil and tea blends at premium prices.
"I feel that I am most true to myself, and I am ready to open up and share with you," Moss wrote at the brand's launch.
However, after Moss withdrew from a shareholder agreement regarding image rights and intellectual property, the remaining stock was left without value. According to the liquidator's statement, only 3,454.88 pounds—about 14,000 shekels—remained in the company's coffers. For a supermodel with an estimated net worth of 222 million shekels, this is merely a drop in the bucket.
