May 3rd, 2007 
Fashionista 
News reports that supermodel Gisele has parted ways with lingerie label Victoria Secret. The supermodel who has been the face of the fashion house was not able to reach a contract agreement with the Fashion House.
The company did not elaborate on the reasons for the split. However, the New York post quoted a source “Her demands were outrageous. She got a new lawyer who was unrealistic,†claims the source †Victoria’s Secret doesn’t care. They have five new hotter, younger girls debuting next year. And they won’t have to deal with any craziness.”
News sources state that contract negotiations broke after the label refused to raise her $5 million annual salary.
Victoria Secret’s Chief Creative Officer said: “The long and fruitful relationship between Gisele Bundchen and Victoria’s Secret has reached a conclusion.
“We wish her all the best and thank her for her extraordinary work. She will continue to be a visible part of the world’s sexiest brand through the remainder of the year.”
Not all is bad news for the supermodel (or good news depending on perspective), Cacharel, a famous French designer of women’s perfumes, chose Bundchen to represent their new fragrance “Liberteâ€
A Cacharel agent said that the company chose Gisele for her popularity in Europe, Japan, China and the Middle East.
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