A public relations firm that focuses on the fashion and beauty industries is denying reports that fashion designer L’Wren Scott’s company was on the verge of shutting down.
The 49-year-old long-time girlfriend of Rolling Stones frontman Mick Jagger was found dead in her Manhattan apartment on Monday. Authorities say she committed suicide.
New York-based PR Consulting said in a statement on Friday that Scott was considering a restructure of her global business, LS Fashion Ltd.
The firm says that while some areas of the business had not yet reached their potential, other parts were successful. It says the long-term prospects for the business were encouraging.
Accounts filed by LS Fashion Ltd in London show the company had liabilities that exceeded assets by €4.24 million (Dh21.6 million) as of December 31, 2012.
