L'Wren Scott "Embarrassed" And In Debt Prior To Suicide
L'Wren Scott was found dead of an apparent on Monday, March 17, and now, reports of her financial turmoil have hit the web.
In a new report, it was revealed that the fashion designer was reportedly $6 million in debt and “embarrassed” over what she believed to be the end of her reign in the fashion industry.
According to Radar Online, the 49-year-old designer canceled her London Fashion week show in January just months after her company, LS Fashion LTD, filed documents claiming to be $5,899,548 in debt.
Scott was found unresponsive by her assistant on Monday morning around 10 a.m. after texting her to "come by" her $5.6 million New York City apartment. Upon arrival, the assistant discovered that Scott had hanged herself with a scarf.
“L’Wren was in a lot of financial trouble. She was unable to pay her staff and her suppliers and it had been going on for a very long period of time," a source told the UK's Daily Mail on March 17. "She wanted so badly for things to be a success. Whereas she got her outfits on a number of high profile people, the clothes were not a commercial hit and didn’t fly off the shelves. It was a huge burden on her and she didn’t want to fail.”
Prior to her death, Scott had been in a relationship with Rolling Stones rocker Mick Jagger. The pair had been linked since 2001, but when it came to her money troubles, Scott never asked her partner for help -- despite his being worth a reported $300 million.
“Everyone was very much left wondering why she didn’t ask Mick for help. But she didn’t," the source explained. "Things were left a long time and she spent the past few months struggling to pay the vast amount of her out goings. It was a tragic situation and she kept it from everyone."
Immediately after Scott's death was announced, a rep for Jagger released a statement, claiming he was "completely shocked and devastated" about the passing. Then, when asked whether or not he and Scott were a couple at the time of her death, the rep confirmed that they were "absolutely" together. However, according to law enforcement, Scott was listed as Jagger's "former" girlfriend.