Miranda Kerr Dropped as a Victoria's Secret Angel?

Reports began yesterday that Miranda's contract with Victoria's Secret has not been renewed following her 3-year, $1 million contract which has just ended. Miranda has become increasingly busy with other projects and hasn't appeared in as many Victoria's Secret related catalogs, ads or events as she previously used to. A company insider suggested that Miranda was "not a big seller for VS," and also “has a difficult reputation.”

Victoria's Secret president and chief marketing officer, Ed Razek has commented on Miranda's status at the company. He claims that they will continue to work with Miranda and that she has already been invited to walk at the annual show this year. However, he doesn't say if she has been officially dropped as an angel, just saying he will always think of her as one:
"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. While her international commitments have kept her away from us more than we'd like over the past few years, she will always be an Angel to me, we have no plans to stop working with her. In fact, I've already invited her to walk the runway in this year's fashion show and, happily, she's agreed."

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