General News

Madonna is not retiring

Jul 20, 2001 | 5:30am EDT

Is Madonna ready to hang up her skimpy underwear to stay at home and play bridge with hubby Guy Ritchie?

No way, Madonna's spokeswoman Liz Rosenberg said Friday following reports that the Material Girl is planning to put an end to her performing days.

A story printed Friday in Britain's Daily Express newspaper quoted unidentified sources saying that Madonna had decided to quit performing in order to spend more time with her family.

"It's completely untrue--there's no truth in it at all. I have never had a week where there have been so many untrue stories written about Madonna," Rosenberg said, Reuters reported.

Madonna, who last year married the 32-year-old British film director, now spends much of her time with their son Rocco, and her daughter Lourdes, from her previous relationship to former personal trainer Carlos Leon.

In related news, Daily Variety reported Friday that the president of Maverick Records, Bill Bennett, has resigned while other five staffers were axed. The label, which includes such artists as Alanis Morissette and Deftones, blamed deteriorating market conditions.

Madonna runs Maverick as a joint venture with Warner Bros. Records, a unit of AOL Time Warner Inc. The media giant reported on Wednesday that second-quarter revenues dropped 11 percent to $895 million from a year earlier and cash flow plunged 33 percent to $87 million, Reuters reported.

Label president Bill Bennett, who had worked at Maverick for two years, will not be replaced, Daily Variety reported.

Madonna is currently on her Drowned World Tour, which begins Saturday in Philadelphia and wraps Sept. 14 in Los Angeles.

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