logo
Kate Moss' wellness firm Cosmoss goes BUST with staggering 7-figure debt as model returns to partying ways

Kate Moss' wellness firm Cosmoss goes BUST with staggering 7-figure debt as model returns to partying ways

Scottish Sun25-06-2025
Kate's company was selling pots of face cream for £95
MOSS' £3M LOSS Kate Moss' wellness firm Cosmoss goes BUST with staggering 7-figure debt as model returns to partying ways
Click to share on X/Twitter (Opens in new window)
Click to share on Facebook (Opens in new window)
KATE Moss's wellness brand Cosmoss has gone bust with debts topping £2.9million.
Papers signed by the model, 51, show the company has little more than £5,000 in the bank and £241,000 of leftover stock.
Sign up for the Entertainment newsletter
Sign up
3
Kate Moss's wellness brand Cosmoss has gone bust with debts topping £2.9million
Credit: Cosmoss
3
Kate sold a £125 Sacred Mist perfume
Credit: Cosmoss
In total, it owes unsecured creditors £2,939,729.29.
A source said: 'Kate turned her back on partying in lockdown and became obsessed with wellbeing and healing.
'But now she's gone full circle and is back on the party circuit, it seems the business has hit the skids, too.
'She has called in liquidators and now just wants to put it behind her.
"Kate put her heart and soul into Cosmoss, but it didn't work out.'
The Cosmoss website — selling products including a £125 Sacred Mist perfume and £95 pots of face cream — is no longer taking orders.
A section called Kate's Corner has not been updated since February.
Kate launched the brand in 2022 and said ditching her old life in London for a fresh start in the Cotswolds had given her a new focus.
She said: 'I wanted to create something that would help me feel more grounded, something I could share.'
At the end of 2023 Kate was back out on the party circuit.
Watch worrying moment Kate Moss looks 'on edge and frantic' as she poses front row at Paris Fashion Week
Last October she was spotted falling out of a taxi following her daughter Lila's 22nd birthday celebrations in Paris.
And in January she held a raucous birthday bash at The Dorchester in London.
3
Kate launched the brand in 2022 after ditching partying
Credit: Cosmoss
Unlock even more award-winning articles as The Sun launches brand new membership programme - Sun Club.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kate Garraway 'sells second home for £1.5 million' after care debt struggle
Kate Garraway 'sells second home for £1.5 million' after care debt struggle

Daily Record

time2 days ago

  • Daily Record

Kate Garraway 'sells second home for £1.5 million' after care debt struggle

Kate Garraway has reportedly sold a property in London for £1.5 million. Broadcaster Kate Garraway has reportedly sold her second home after being burdened with "excessive unpayable debt" due to caring for her late husband Derek Draper. It's understood she recently offloaded a London property for £1.5 million. ‌ At 58, Kate has openly discussed the financial strain caused by looking after Derek, who passed away at the age of 56 last year. She is believed to have been grappling with debts as high as £800,000 for his care and has also been settling debts linked to his business Astra Aspera, which ceased operations in 2022, reports the Mirror. ‌ Reports now indicate that Kate has parted with her second home, located in North London. This development follows rumours about her continuing role on Good Morning Britain amidst forthcoming changes at ITV. ‌ The Sun claims that Kate owned a flat in North London, which fetched £1.5 million on the market, although it was "heavily mortgaged". A source mentioned that she had held onto the property as a "financial safety net". The source conveyed to the publication: "Kate takes paying off the debts very seriously and she's always said she'd go to any lengths to achieve that. This is just part of that commitment, even if it does mean she's had to lose the flat which she actually purchased years ago before meeting Derek and before they bought a family home together. Like many people, she was keeping it as a financial safety net which she thought she wouldn't have to use so soon." ‌ The Daily Mail has reported that the property, which is reportedly in the midst of being sold, was a three-bedroom townhouse located in North London. The publication claims it was previously available for rent at £6,750 per month before being put on the market. The Mirror has gathered that the residence in question was indeed a house and not a flat, and it's understood that the property has already found a buyer. ‌ Last year, there were worries that Kate might be forced to sell the home where she resides with her two children. However, The Mail indicates that this situation may have been circumvented by the sale of her second property. Derek passed away in January of the previous year after battling health issues for some time, including an extended hospital stay during the Covid pandemic. Kate has openly discussed the financial burden of Derek's care following his hospitalisation. For instance, in a documentary aired last year, she mentioned that the costs were "more than" her ITV salary. She pointed out: "Unlike the NHS, state-funded social care is only available to people with the highest needs and the lowest means." ‌ Earlier this year, while reflecting on the hurdles she faced, she shared on Good Morning Britain: "One of the overriding ones until he went back into intensive care before he passed away, was dealing with the funding of care. At the time of his death, there were two appeals that hadn't been heard for funding. "It kept on getting pushed back and pushed back. In the meantime, and I'm lucky I've got an incredible job which is well paid, I was having to fund the situation. Now I've got excessive unpayable debt because of it, and if I'm in that position, what else are people going to be?".

Kate Garraway sells home 'for over £1 million' after revealing care debt struggle
Kate Garraway sells home 'for over £1 million' after revealing care debt struggle

Daily Mirror

time2 days ago

  • Daily Mirror

Kate Garraway sells home 'for over £1 million' after revealing care debt struggle

Good Morning Britain host Kate Garraway, who has spoken previously about the cost of having cared for her late husband Derek Draper, is said to have sold a property Broadcaster Kate Garraway is said to sold her second home after being left with "excessive unpayable debt" through caring for her late husband Derek Draper. She's reportedly sold a property in London for £1.5 million recently. ‌ Kate, 58, has previously spoken about the financial impact of having looked after Derek, who died, aged 56, last year. She's said to have been facing a debt of up to £800,000 for his care and has reportedly been paying off debts related to his company Astra Aspera, which shut down in 2022. ‌ It's now been reported that Kate has sold her second home, which is said to be in North London. The news comes following speculation over her future on Good Morning Britain amid upcoming changes at ITV. ‌ According to the Sun, Kate had a property, which it described as a flat, in North London that recently sold for £1.5 million, but it's said to have been "heavily mortgaged". A source added that she had been keeping the property as a "financial safety net". The source told the outlet: "Kate takes paying off the debts very seriously and she's always said she'd go to any lengths to achieve that. This is just part of that commitment, even if it does mean she's had to lose the flat which she actually purchased years ago before meeting Derek and before they bought a family home together. Like many people, she was keeping it as a financial safety net which she thought she wouldn't have to use so soon." ‌ The Daily Mail instead reports that the property, which it claims is in the process of being sold, was a three-bed townhouse in North London. It states that it had been up for rent for £6,750-a-month prior to going up for sale. The Mirror understands that it was a house, rather than a flat, that has been on the market. We also understand that the property has already been sold. There were concerns last year that Kate would have to sell the home she's lived in with her two children. The Mail however suggests that this appears to have been avoided though by the apparent selling of her second home. ‌ Derek died in January last year following health issues in recent years, including having been hospitalised for over a year during the Covid pandemic. Kate's spoken about the cost of his care in the years since he was hospitalised. In a documentary last year, for example, she said that it was "more than" her salary from ITV. She added: "Unlike the NHS, state-funded social care is only available to people with the highest needs and the lowest means." ‌ Earlier this year, whilst discussing the challenges she had faced, she said on Good Morning Britain: "One of the overriding ones until he went back into intensive care before he passed away, was dealing with the funding of care. At the time of his death, there were two appeals that hadn't been heard for funding. "It kept on getting pushed back and pushed back. In the meantime, and I'm lucky I've got an incredible job which is well paid, I was having to fund the situation. Now I've got excessive unpayable debt because of it, and if I'm in that position, what else are people going to be?"

Kate Garraway sells investment flat to pay off debt
Kate Garraway sells investment flat to pay off debt

The Herald Scotland

time2 days ago

  • The Herald Scotland

Kate Garraway sells investment flat to pay off debt

The Good Morning Britain (GMB) presenter said the cost of his basic care exceeded her ITV salary and did not factor in his therapies, the mortgage payments or other household expenses. Garraway's second property is located in North London and sold for £1.5 million, according to The Sun. However, due to the flat being 'heavily mortgaged' what she'll get from it will cover little of her debt, the newspaper suggests. The 58-year-old is said to have bought the flat as an investment but she was reportedly forced to sell it. An insider reportedly told The Sun: 'Kate takes paying off the debts very seriously and she's always said she'd go to any lengths to achieve that. 'This is just part of that commitment, even if it does mean she's had to lose the flat which she actually purchased years ago before meeting Derek and before they bought a family home together. 'Like many people, she was keeping it as a financial safety net which she thought she wouldn't have to use so soon.' Recommended reading: Garraway told ITV's GMB in 2024: 'I am ashamed of the fact I'm in debt. I have an incredible job that I love that's very well paid. 'I'm not a carer travelling miles, paying their own transport to go and help somebody for minimum wage. 'I'm somebody that is very well paid and so I just feel a shame that I couldn't make it work.' Newsquest has approached Kate Garraway's representatives for comment.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store