A spokesperson for the business of the late L'Wren Scott has condemned "misleading and inaccurate" reports that the late fashion designer had run up millions of pounds of debt and was set to announce the closure of the business.
Several stories suggested that Scott, who was found dead in her apartment earlier this week, had succumbed to the financial pressures of her business, and claimed that her fear of failure was a factor in her suicide.
But a representative for Scott's fashion label dismissed the reports in a statement, which read as follows: "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.
L'Wren Scott: Career in pictures
L'Wren Scott: Career in pictures
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L'Wren Scott attends The Serpentine Gallery Summer Party at The Serpentine Gallery in London, 2013
2/20 L'Wren Scott and Val Kilmer
Val Kilmer and L'Wren Scott arrive at a dinner honoring the spirit of Special Olympics at the White House, 2000
3/20 L'Wren Scott and Mick Jagger
L'wren Scott and singer Mick Jagger arrive at the World Premiere of 'Alfie' at the Empire Leicester Square in London, 2004
4/20 L'Wren Scott and Karl Lagerfeld
L'wren Scott and Karl Lagerfeld chat backstage at the Chanel fashion show as part of Paris Fashion Week (Haute Couture) Spring/Summer 2005 in Paris
5/20 L'wren Scott, Victoria Beckham and Amira Casar
L'wren Scott, Victoria Beckham and Amira Casar attend the Chanel fashion show during Paris Fashion Week (Haute Couture) Spring/Summer 2006 in Paris
6/20 L'Wren Scott
Designer L'wren Scott attends the Sidaction Party raising funds in support of AIDS during Paris Fashion Week (Haute Couture) Spring/Summer 2006 at Pavillon D'Armenonville in Paris
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L'Wren Scott arrives at the Nina Ricci show during Paris Spring/Summer 08 fashion week in Paris, 2007
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L'Wren Scott attend the British Fashion Awards 2008 held at The Lawrence Hall in London
9/20 L'Wren Scott
L'Wren Scott arrives at the 'Shine A Light' New York premiere at the Ziegfeld Theater in New York, 2008
10/20 L'Wren Scott and Mick Jager
L'Wren Scott and Mick Jager arrive at the 2009 Vanity Fair Oscar Party at Sunset Tower in West Hollywood
11/20 Dan Williams, Jade Jagger, Mick Jagger and L'Wren Scott
Dan Williams, Jade Jagger, Mick Jagger and L'Wren Scott attend the Jade Jagger shop opening party in London, 2009
12/20 L'Wren Scott and Mick Jagger
L'Wren Scott and Mick Jagger attend the 'Shutter Island' premiere at the Ziegfeld Theatre in New York, 2010
13/20 L'wren Scott and Patti Hansen
L'wren Scott and Patti Hansen attends the 'Stones in Exile' screening at The Museum of Modern Art in New York, 2010
14/20 L'Wren Scott, Oona Ingle-Finch and Sydney Ingle-Finch
L'Wren Scott, Oona Ingle-Finch and Sydney Ingle-Finch attend Finch's Quarterly Cannes Dinner at the Hotel du Cap as part of the 63rd Cannes Film Festival in Antibes, 2010
15/20 Mick Jagger, L'Wren Scott and Tommy Hilfiger
Mick Jagger, L'Wren Scott and Tommy Hilfiger arrive for the screening of 'Stones in Exil' during the 63rd Cannes Film Festival in Cannes, 2010
16/20 Diego Della Valle and L'Wren Scott
President and CEO of Tod's Diego Della Valle and L'Wren Scott attend the 3rd Annual Finch's Quarterly Review Filmmakers Dinner honoring Oscar-winning British film producer Jeremy Thomas and sponsored by Tod's and the IWC at Hotel du Cap-Eden-Roc in Cannes, 2011
17/20 Raf Simons and L'Wren Scott
Raf Simons and L'Wren Scott attend the Christian Dior Haute-Couture Show as part of Paris Fashion Week Fall / Winter 2013 in Paris, 2012
18/20 Stephen Jones and L'Wren Scott
Stephen Jones and L'Wren Scott attend the L'Wren Scott cocktail party during London Fashion Week Fall/Winter 2013/14 in London
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L'Wren Scott attends the British Fashion Awards 2013 drinks reception at the London Coliseum in London
20/20 Jade Jagger, L'Wren Scott, Georgia May Jagger and Mick Jagger
Jade Jagger, L'Wren Scott, Georgia May Jagger and Mick Jagger attend the annual Serpentine Gallery Summer Party co-hosted by L'Wren Scott at The Serpentine Gallery in London, 2013
"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."
L’Wren Scott's fashion team also issued a statement. It read: “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."
On Wednesday, a New York City Chief Medical Examiner confirmed that Scott had committed suicide. She was found by her assistant in her Manhattan apartment on Monday morning.
Her boyfriend, Rolling Stones frontman Mick Jagger, paid an emotional tribute to Scott on his official website earlier this week.
“I am still struggling to understand how my lover and best friend could end her life in this tragic way,” he wrote.
“She had great presence and her talent was much admired, not least by me. I have been touched by the tributes that people have paid to her, and also the personal messages of support that I have received. I will never forget her, Mick.”Reuse content