Firm Downplays Problems at L'Wren Scott's Company

The fashion designer was found dead in her Manhattan apartment Monday

Sunday, Mar 23, 2014  |  Updated 1:41 PM PDT
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L'Wren Scott attends the British Fashion Awards 2013 held at the London Coliseum on December 2, 2013 in London, England. The 49-year-old longtime girlfriend of Rolling Stones frontman Mick Jagger was found dead in her Manhattan apartment Monday.

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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 longtime girlfriend of Rolling Stones frontman Mick Jagger was found dead in her Manhattan apartment Monday. Authorities say she committed suicide.

New York-based PR Consulting says in a statement 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 euros ($5.9 million) as of Dec. 31, 2012.

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