Readers may recall that we had reported about the gorgeous Katrina Kaif planning to launch her own retail venture, something which she had confirmed. And because her business venture was about to clash with L’Oréal (of which she has been the brand ambassador for quite some time), the cosmetic giant and Katrina Kaif have mutually agreed not to renew her contract.

Reports have it that Katrina Kaif’s business venture will be competing with the best of names in not just the fashion world, but also the beauty arena.

On the professional front, Katrina Kaif will be soon seen in Anurag Basu’s Jagga Jasoos, which has Ranbir Kapoor as her co-star.