Miranda's VS Contract will NOT be renewed!
According to 'Multiple sources' reported by Us Weekly, Kerr's $1 million deal ((roughly £650,000) will be dropped. This is because she doesn't draw in many sales- amongst her other Angel colleagues. It's alleged that she will still walk in the Victoria's Secret 2013 Fashion Show (and pose in the catalogue) but the coveted role of 'VS Angel' will no longer be Miranda's job title. It's also been rumoured that she's had disagreements with other angels backstage, giving her a 'difficult reputation'.
This was an unlikely image in the future- considering Miranda's prominence in the VS advertising campaigns. At 29 she is not the oldest angel (Adriana and Alessandra are both 31, happy birthday Ale for yesterday!) and she has recently been made the face of Mango: replacing Kate Moss. However she has been replaced by Jessica Gomes as the face of David Jones.
Update: However, a report by Metro now quotes Ed Razek, the president and chief marketing officer of Victoria's Secret, as saying: "Miranda Kerr is one of the best models in the history of the business - and easily one of the most popular. She is also a consummate professional. Any rumours to the contrary are simply untrue."