Kate Moss’ modelling agency reports its first loss in its history, following a financial downturn reported by multiple outlets. The company is said to have lost £1.8 million over the course of a year, and the loss is described as its first in 12 years. The reports link the agency’s creation to Moss’s decision to set up the business rather than rely on existing agents, with one account attributing the move to her being “sick of paying huge commission” to agencies. Although the coverage focuses on the size of the loss and the milestone of reporting a first-ever downturn, the available information in these articles does not provide further detail on the causes of the loss, changes in revenue, or specific client or contract developments. The reporting therefore concentrates on the headline figures: the magnitude of the yearly loss and the agency’s prior profitability record, alongside the stated motivation for establishing the agency.