Kate Moss soaks up sun on lavish Ibiza break with daughter Lila after it emerges collapsed wellness brand owes £2.9m

CAREFREE Kate Moss holidays with daughter Lila — as it emerged creditors will not see anything of the £2.9million owed from the collapse of her wellness brand. Kate, 52, donned a black swimsuit for a dip in the Med as she relaxed on a £1,340-a-day hired yacht. Supermodel Kate Moss enjoys a luxury break in Ibiza Credit: BackGrid Daughter Lila joined her to soak up the sunshine Credit: BackGrid Kate and Lila share a laugh on their £1,340-a-day yacht Credit: BackGrid Kate gets set to dive into the ocean Credit: BackGrid Model Lila, 23, opted for a bikini for the jaunt with friends on the Spanish island of Formentera. But back home liquidator’s reports for Kate’s failed Cosmoss business disclosed £240,000 of remaining products would be destroyed as they cannot be sold. Sign up for the Showbiz newsletter Thank you! Kate, worth £55million, launched the high-end brand in 2022. The move sparked comparisons with Gwyneth Paltrow’s successful firm Goop. Kate donned a black swimsuit for a dip in the Med Credit: BackGrid Model Lila opted for a bikini for the jaunt with friends on the Spanish island of Formentera Credit: BackGrid Kate, 53, dives into the deep blue water Credit: BackGrid Lila soaks up the sun as she dips her feet into the water Credit: BackGrid Kate sold natural, vegan items including a facial oil, incense, a £120 fragrance called Sacred Mist fragrance and a £20 canister of Dawn Tea. She wrote at the time: “I feel my most authentic self and I’m ready to open up and share with you.” But the brand quietly shut and entered voluntary liquidation last summer. Kate has now withdrawn from a shareholders’ agreement involving her image and intellectual property rights — meaning the stock is worthless. Most read in Showbiz Kate was all smiles despite her wellness brand collapsing Credit: BackGrid Lila wrings her hair after a dip in the sea Credit: BackGrid Kate and daughter Lila on their lavish trip Credit: BackGrid The pair were also joined by friends on the luxury yacht Credit: BackGrid Paperwork filed at Companies House state: “The products all contained wording that was caught by the Intellectual Property of Ms Moss.” The liquidator’s statement said there is just £3,454.88 left in the company’s coffers. Comment now