This morning the New York-based PR team for L’Wren Scott’s London-based company released the following statement, which they requested be published in full; you can read it here below.
A spokesperson for L’Wren Scott:
The figures quoted in the media regarding the financial status of LS Fashion Limited are not only highly misleading and inaccurate but also extremely hurtful and disrespectful to the memory of L’Wren Scott.
Ms. Scott was considering a re-structure of her global business. The L’Wren Scott business consists of a wholesale business of ready-to-wear women’s wear, a bespoke Couture business for private clients, a licensing business, Ms. Scott’s globally recognized work as a Fashion Consultant and stylist and her collaborations such as her recent collection for Banana Republic. 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. As a private business, details of income and turnover are not publicly disclosed, however it can be said that the long-term prospects for the business were encouraging. Ms. Scott was very focused on doing what was right for her global business and for the support of her team.
In terms of figures shown at Companies House in the UK. The parent company of LS Fashion Limited based in America had made a standard loan investment to the UK subsidiary. LS Fashion Limited is fully able to meet the company’s liabilities and pay all suppliers and customers.
The L’Wren Scott team today said:
“We have lost a great friend and an inspiring leader. We are grieving privately and whilst we appreciate the incredible tributes that have been paid in the media by those who knew L’Wren, we strongly object to some of the media’s intrusion into issues that are not only untrue and misleading but also distract from remembering and celebrating her life — the life of a successful, talented, kind, generous and extraordinary woman. We ask that our privacy and that of L’Wren’s family and close friends be respected at this difficult time.”
No further statement will be made for the time being.
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Ms.Scott’s death by suicide on Monday morning sent shockwaves throughout the fashion industry and immediately led to speculation about both her professional and personal life, ranging from the solvency of her business to her relationship with longtime boyfriend Mick Jagger. Cathy Horyn’s lovely, loving tribute in The New York Times on Tuesday refuted any idea that Scott’s relationship with Jagger was in trouble, but did note that she had received word from a reliable source that Scott would have announced she was closing her business on the following Wednesday. This statement likely has been released as a direct denial of that report.
