Company owned by late designer L'Wren Scott in debt

By: Associated Press Email
By: Associated Press Email

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LONDON The company owned by fashion designer L'Wren Scott, who died Monday 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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