The question remains: can David Jones still afford Miranda Kerr?
David Jones boss Paul Zahra remained tight-lipped on Wednesday about negotiations with the Aussie supermodel.
Kerr's $1 million-a-year contract with David Jones expires in 2014 and the parties have been in negotiation about its renewal.
But at a David Jones' media conference Zahra would not say whether he felt confident that the department store chain would be able to retain Kerr as its ambassador.
"We're negotiating," he said.
"Those negotiations are confidential and I think once we reach an arrangement we will announce it."
Kerr, who turns 30 in April, is also the ambassador for Qantas and is expected to return to Sydney next month to unveil the airline's new uniforms.
It is believed her negotiations with David Jones will continue then.
The girl from Gunnedah first signed as the ambassador for David Jones in 2008 when she was not such an international face.In 2012 Kerr, who is one of the main Victoria's Secret angels, was ranked as the world's seventh highest-paid model, by Forbes.
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