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Company owned by L'Wren Scott in debt

Obit L'Wren Scott

LONDON (AP) - The company owned by fashion designer L'Wren Scott, who died yesterday of an apparent suicide, was heavily in debt at the time it filed its most recent accounts.

Accounts filed by LS Fashion Ltd. in London show the company run by the girlfriend of Mick Jagger had liabilities that exceeded assets by 4.24 million euros ($5.9 million) as of Dec. 31, 2012.

The company's long and short-term debts totaled 6.75 million euros against assets, capital and reserves of 2.51 million euros, according to the accounts, which were filed in October.

Meanwhile, concert organizers said the Rolling Stones had canceled a gig scheduled for Wednesday in Perth, Australia. There was no immediate word on future dates on their tour.

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slaytonc March 18 2014 at 11:12 AM

Could just be a severe case of depression. It effects all walks of life. It's very powerful. So sorry for the people who loved her.

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egross71 March 18 2014 at 9:09 AM

This is unfortunately becoming all too common, my heart goes out to her family and their difficult road ahead.

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1 reply
drpj45 egross71 March 18 2014 at 12:36 PM

Yes it is. Many people commit suicide for various reasons and most have it planned and something sets them off and they go through with it. The suicidal mind doesn't think they have any other options and need to find an escape from the pain. If people would stop and think for a minute, this is not a situation that if funny or to make sick jokes about and speculations. It is down right cruel and abusive. The survivors of her suicide will have a difficult road to travel. My thoughts and prayers to all family and friends of this woman.

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hey March 18 2014 at 2:46 PM

for anyone thinking suicide, give it a week and things will look a lot better, remember this is the only life you are going t get don't waste it

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Bonnie March 18 2014 at 2:02 PM

Wow!! All these negative armchair detectives!! Please realize a very talented woman is dead....makes no difference if she was a lousy businesswoman ( someone else's words) or the world's greatest businesswoman. A talented woman is gone leaving behind people who loved her and who are wondering why. Have a little compassion people!

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1 reply
VIC Bonnie March 18 2014 at 2:20 PM

How do you know she was a very talented woman? Did you own any of her line of clothing? Be honest.
Maybe if you had, her company wouldn't be in bankruptcy and she wouldn't have hung herself.

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1 reply
Bonnie VIC March 18 2014 at 3:15 PM

I can't afford her clothing but I still can still admire the clothing... I don't have to be an artist in order to enjoy a painter's works.

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davefromfwb1 March 18 2014 at 1:41 PM

Mick could've paid that for her with pocket change. I'm sure he's gotta be worth at least 600,000,000 billion dollars.

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1 reply
gerbersmail davefromfwb1 March 18 2014 at 2:00 PM

Actually, he's worth 305 million dollars. Not exactly chump change or his main squeeze if he couldn't cough up a few million to help her out. She was probably just one of many.

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sustrt March 18 2014 at 9:54 AM

No one knows what goes on in a persons mind but them. Its very sad. May she have a wonderful trip with the angels on her journey. its a shame how the media can make someone look really bad, when this person had hidden demons and only she knew about it....... RIP L'Wren.

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clairehmilligan March 18 2014 at 9:57 AM

I don't think the money her company owed has anything to do with her death.....and she was found hanging from a door knob....hmmmmm ?

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palmspringslife March 18 2014 at 1:03 PM

To all those finding it necessary to only make a snarky comment about the death of someone.....try to dig a little deeper into your soul and find the last bit of compassion hiding there within.
And you wonder why your world sucks. Look in the mirror.

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2 replies
thom nickels palmspringslife March 18 2014 at 1:11 PM

Good response!

I wonder how many of these same people would be so snarky about their own death...

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teeveequeen palmspringslife March 18 2014 at 1:29 PM

you need to clean those rose-colored glasses you are wearing and OPEN YOUR EYES ...

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1 reply
harleybv teeveequeen March 18 2014 at 2:10 PM

well yoiu opened yourself up for this with your previous remarks..So tell me, does TV queen , mean you are a transvestite queen. Your remarks are full of hate for the male gender that you fit that role perfectly. In any case, since I think it , then it must be true and that is what I believe as I sign off.

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cabinsmoke March 18 2014 at 10:13 AM

From the comments it appears the world will never be the same.

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rindyelvis March 18 2014 at 10:18 AM

Why didn't he get her out of debt. I love Mick, but I know he must be a billionaire.

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2 replies
screwylouie666 rindyelvis March 18 2014 at 10:21 AM

I was thinking the same thing. $5.9 million for Mick is like $2 for us. What kind of "boyfriend" is he ???

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Allison rindyelvis March 18 2014 at 10:55 AM

Reports indicated that he wanted to give her the money but she would not take it. Not sure if there is truth in it but it was put out there.

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