Modeling Agency Major Model Management Files for Bankruptcy

Major Model Management Inc., a modeling agency that has worked with the likes of Vogue and Harper’s Bazaar, filed for bankruptcy in New York on Friday.

The agency listed assets of as much as $1 million and liabilities of at least that amount in its bankruptcy petition, court papers show. The Chapter 11 filing gives Major Model the ability to continue operating while it sorts out a plan to repay creditors.

The company was founded in the late 1980s in Milan by Guido Dolci, according to its website. The agency’s models regularly work with high-end fashion houses like Gucci ...