Tuesday 12 December 2017

L'Wren Scott's agent denies her business was on edge of collapse

L’Wren Scott: took own life
L’Wren Scott: took own life

Philip Sherwell New York

L'Wren Scott was not planning to close her fashion house at the time she killed herself, a representative for Mick Jagger's girlfriend has insisted, after reports that her business was close to collapse.

In a statement that left open possible reasons for her suicide, her spokesman said that "the long-term prospects for the business were encouraging" and that it was fully able to pay its bills.

There has been intense focus on both the financial health of her company and the state of her relationship with the Rolling Stones singer since the former model took her life on Monday.

Her friend Cathy Horyn, the former fashion critic at the 'New York Times', said that Ms Scott was planning to close her business this week. Accounts lodged at Companies House in London by her British company LS Fashion Ltd showed that it was running a €4.2m loss.

But in the first public comment since her suicide was announced, her representative said that those figures were "highly misleading and inaccurate" as the accounts reflected a loan from her parent company in America to the London subsidiary. As Ms Scott's fashion company is privately owned, its finances remain secret.

The spokesman declined to comment on whether the overall business was in debt or whether the L'Wren Scott name would live on with her fashion line.

He also issued the first comments by her employees. "We have lost a great friend and an inspiring leader," they said. "We are grieving privately . . . for the life of a successful, talented, kind, generous and extraordinary woman."

Meanwhile, Ms Scott's relationship with Jagger came under renewed scrutiny as a close friend told Hollywood Life, a celebrity website, that she was depressed about her personal life and believed that the star was "distancing himself". They had been a couple for 13 years but their relationship was often conducted at long-distance as Jagger maintained his punishing tour schedule with the Rolling Stones.

The 70-year-old singer's agent has abruptly denied reports that the couple had split up and Ms Scott's brother-in-law said that the veteran singer was even preparing finally to settle down with his 49-year-old girlfriend. (©Daily Telegraph, London)

Irish Independent

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