L’Wren Scott's business deny rumors that she was in debt

By Daniel S Levine,

A spokesperson for the late fashion designer L’Wren Scott has denied rumors that her business, LS Fashion Limited was in debt. Scott was found dead Monday and the New York medical examiner confirmed that she committed suicide.

Rumors that her business was in trouble started in a touching tribute written by former New York Times fashion critic Cathy Horn this week. Towards the end of her piece, Horn said that she heard after Scott’s death that she was about to close her business this week.

“Still, as painful as the decision must have been for her, I wouldn’t draw any conclusions from it about her state of mind,” Horn wrote. “Nor should any credence be given to reports of a breakup with Mick [Jagger]. It’s rubbish.”

According to The Hollywood Reporter, other media outlets reported that her business was in debt, citing financial reports. A spokesperson told THR that this is not true, although Scott was considering re-configuring her global business.

“The figures quoted in the media regarding the financial status of LS Fashion Limited are not only highly misleading and inaccurate but also extremely hurtful and disrespectful to the memory of L'Wren Scott,” the statement said in part.

The rep also noted, “As a private business, details of income and turnover are not publicly disclosed, however it can be said that the long-term prospects for the business were encouraging. Ms. Scott was very focused on doing what was right for her global business and for the support of her team.”

Scott, who was a model before becoming one of the most successful designers in the country, was 49-years-old. She was Mick Jagger’s longtime girlfriend and they had been together for over a decade.

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