Victoria's Secret Is Dropping Miranda Kerr

By Jenna Sauers | April 10, 2013 | 8:20pm

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Miranda Kerr is no longer a Victoria’s Secret Angel. The Australian model’s $1 million three-year contract was reportedly not renewed by the brand. The reason? According to Us and its “sources,” Kerr didn’t sell particularly well — catalog companies closely track which models perform best — and “has a difficult reputation.” Kerr may still model for the retailer’s catalog and in its annual fashion show, but she will do so as your regular old professional and highly remunerated pretty person and not as an official “Angel.” [Us]

Some more American Apparel ads were banned in the U.K. for being “overtly sexual” and “demean[ing] women,” giving multiple Web sites reason to republish said ads 1000 pixels wide. [HuffPo]

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• The trial of Christopher Finazzo, the former chief merchandising officer at Aeropostale, is finally beginning in New York. Finazzo is charged with fraud in connection with his alleged role in a kickbacks scheme with one of Aeropostale’s vendors. Finazzo, who was already earning $20 million per year in compensation from Aeropostale, allegedly had a profit-sharing deal on the side with a t-shirt vendor he contracted with called South Bay Apparel. Finazzo’s alleged partner in the scheme has already pleaded guilty and been sentenced to five years in prison and a $7.5 million fine. [WWD]

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• Lucky has been in an ad-sales slump for the past year, so editor Brandon Holley apparently reached out to Anna Wintour for advice. (You will remember that Wintour, in addition to being the editor of Vogue, is now the artistic director of the whole of Condé Nast.) Wintour apparently tapped Eva Chen to work with her on a Lucky-related project. [Fashionista]