Designer L’Wren Scott’s rep denies fashion firm had financial woes

Representatives of fashion designer L’Wren Scott, who committed suicide this week, denied reports that her fashion company had been struggling and said she had been planning to restructure her global business. PR Consulting, which represents Scott and her company, LS Fashion Limited, said in a statement on Friday that financial figures about her firm reported in the media were “misleading and inaccurate.” “Her business overall was only seven years old and although some areas of the business had not yet reached their potential, other parts of her business were proving successful,” the statement said. “Ms. Scott was considering a re-structure of her global business.” Although company accounts filed last October in London showed the firm reported a loss of 4.3 million euros ($5.99 million) in 2012, an increase from a 3.0 million euro loss the previous year, her representatives said the long-term prospects were encouraging. LS Fashion Limited is fully able to meet the company’s liabilities and pay all suppliers and customers,” it added.