CAREFREE Kate Moss holidays with daughter Lila — as it emerged creditors will not see any of the £2.9million owed after her wellness brand collapsed.
Kate, 52, donned a black swimsuit for a soothing dip in the Med while she relaxed on a £1,340-a-day hired yacht.
Supermodel Kate Moss enjoys a luxury break in IbizaCredit: BackGridDaughter Lila joined her to soak up the sunshineCredit: BackGridKate and Lila share a laugh on their £1,340-a-day yachtCredit: BackGridKate gets set to dive into the oceanCredit: BackGrid
Model Lila, 23, opted for a bikini on the jaunt with friends to the Spanish island of Formentera.
But back home liquidator reports for Kate’s failed Cosmoss business disclosed £240,000 of remaining products would be destroyed as they cannot be sold.
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Kate, worth £55million, launched the high-end brand in 2022.
The move sparked comparisons with Gwyneth Paltrow’s successful firm Goop.
Kate donned a black swimsuit for a dip in the MedCredit: BackGridModel Lila opted for a bikini for the jaunt with friends to the Spanish island of FormenteraCredit: BackGridKate, 53, dives into the deep blue waterCredit: BackGridLila soaks up the sun as she dips her feet into the waterCredit: BackGrid
Kate sold natural, vegan and cruelty-free items including a facial oil, incense, a £120 fragrance called Sacred Mist and a £20 canister of Dawn Tea.
She wrote at the time: “I feel my most authentic self and I’m ready to open up and share with you.”
But the brand quietly shut down and entered voluntary liquidation last summer.
Kate has now withdrawn from a shareholders’ agreement involving her image and intellectual property rights — meaning the stock is worthless.
Kate was all smiles despite her wellness brand collapsingCredit: BackGridLila wrings her hair after a dip in the seaCredit: BackGridKate and daughter Lila on their lavish tripCredit: BackGridThe pair were also joined by friends on the luxury yachtCredit: BackGrid
Paperwork filed at Companies House states: “It was confirmed that the products could not be sold on the open market.
“The stock was abandoned..”
The liquidator’s statement said there is just £3,454.88 left in the company’s coffers.
“This quarter’s performance confirms” an inflection point, with the company “consistently adding retail doors, selling more of our brands through them and seeing strong financial performance as a result” (CEO Samuel Brill).
Seeking Alpha’s Disclaimer:This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
The first at the clubhouse is on June 25 and features an Open Water Masterclass with Olympian Katy Sexton.
There’s a spot to grab a bite to eat by the pool as well with breakfast dishes including mushroom and avocado flatbread (£11) and build-your-own-lunch bowls from £11.
Sea Lanes Canary Wharf is a ‘floating’ lido that is 50 metres longCredit: PA
The pool will be open from 6am to 9pm Monday to Friday and from 7am to 7pm at the weekends.
Make sure to check the website before you visit as well, for the latest details about the weather and water temp.
With this weekend’s weather expected to hit highs of 30C, the current 16.4C water makes for a refreshing dip.
There are a number of different memberships available including the Swim and Sauna membership, which gives unlimited access to the pool and saunas all year round.
It costs £90 per month.
Alternatively, visitors can pay-per-swim, which will cost £10 for a swim session, £10 for a sauna session or £18 for both.
There’s also two saunas onsite and a place to grab a bite to eat and something to drinkCredit: PA
If visitors want to rent a wetsuit, they can do so at a small store too.
The first visitor at the pool today said: “First one in the water on opening day.
“What a fantastic facility in the middle of Canary Wharf!
“The pool was the perfect temperature for swimming without wetsuit.
“The changing facilities were bright and clean with lovely hot showers, hairdryers and lockers.
“Love the two saunas with whole wall picture windows facing the pool.
“From the chats with other swimmers, I can picture a wonderful community developing here.”