L’Wren Scott Reps Deny Reports of Label’s Closing.

• Reps for L’Wren Scott are coming out to deny claims that the late designer had planned to shutter her brand, and that she was deeply in debt. They maintain that Scott was looking to instead restructure her label–not close it altogether: 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,” her people said in a statement. ”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.”  (WWD)