Firm downplays problems at L'Wren Scott's company

FILE - In a Tuesday, Nov. 19, 2013 file photo, singer Mick Jagger, left, and fashion designer L'Wren Scott arrive at the Banana Republic L'Wren Scott Collection launch party at the Chateau Marmont, in West Hollywood, Calif. (Photo by Dan Steinberg/Invision/AP, File)

March 22, 2014 8:08:33 AM PDT
A public relations firm that focuses on the fashion and beauty industries is denying reports that fashion designer L'Wren Scott's company was on the verge of shutting down.

The 49-year-old longtime girlfriend of Rolling Stones frontman Mick Jagger was found dead in her Manhattan apartment Monday. Authorities say she committed suicide.

New York-based PR Consulting says in a statement Friday that Scott was considering a restructure of her global business, LS Fashion Ltd.

The firm says that while some areas of the business had not yet reached their potential, other parts were successful. It says the long-term prospects for the business were encouraging.

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