News World Firm downplays L’Wren Scott company problems

Firm downplays L’Wren Scott company problems

Mick Jagger
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A public relations firm that focuses on the fashion and beauty industries is denying reports designer L’Wren Scott’s company was on the verge of shutting down.

The 49-year-old longtime 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 says in a statement Scott was considering a restructure of her global business, LS Fashion Ltd.

The firm says 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 euros ($A6.54 million) as of December 31, 2012.

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