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Updated: Tue, 18 Mar 2014 07:16:01 GMT | By The Associated Press, thecanadianpress.com

Company owned by L'Wren Scott in debt

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.


Company owned by L'Wren Scott in debt

FILE - This Nov. 19, 2013 file photo shows fashion designer L'Wren Scott at the Banana Republic L'Wren Scott Collection launch party at the Chateau Marmont in West Hollywood, Calif. Scott, a fashion designer, was found dead Monday, March 17, 2014, in Manhattan of a possible suicide. (Photo by Dan Steinberg/Invision/AP, File)

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 totalled 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 cancelled a gig scheduled for Wednesday in Perth, Australia. There was no immediate word on future dates on their tour.

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