Gisele in talks with H&M

Gisele Bundchen 's end of contract with Victoria's Secret has only just been announced, and already the supermodel is reportedly in negotiations with H&M. A source revealed that the Brazilian supermodel is developing a lingerie line the label, and will start on it as soon as she stops working for Victoria's Secret. The insider revealed that though Bundchen had been in talks for her own line with H&M for some time now, her obligations to Victoria's Secret had been holding her back.

"Gisele has been in talks with H&M for a long time, but for legal issues she has to wait for her Victoria's Secret contract to end to start the project," the New York Post quoted the source, as saying. Bundchen quit as the lingerie line's 'Angel' earlier this month after the company refused to raise her annual salary from 5 million dollars.