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L’Wren Scott had planned to shut down company: report

L'Wren Scott, pictured in November 2013. Michael Kovac / Getty Images

TORONTO — Fashion designer L’Wren Scott was planning to shut down her company when she apparently chose to end her life.

On Monday, Scott’s assistant Brittany Penebre found her dead in her New York City apartment.

The medical examiner has not yet released an official cause of death.

“She was planning to close her business, with an announcement on Wednesday,” claimed Cathy Horyn, a former fashion critic for the New York Times.

“Still, as painful as the decision must have been for her, I wouldn’t draw any conclusions from it about her state of mind.”

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Horyn said Scott’s business had the same problems as many small designers, including “cash flow, finding the right managers, getting her goods out of Italian factories on schedule.”

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The Daily Mail reported Scott owed millions to creditors at the time of her death. According to documents filed in the UK in October 2013, her eight-year-old company LS Fashion Ltd. was $6 million in the red.

Horyn described the designer’s death as “inexplicable” and dismissed rumours that Scott had split from longtime partner Mick Jagger as “rubbish.”

In a message posted on his Facebook page Tuesday, Jagger said he is “struggling to understand how my lover and best friend could end her life in this tragic way.”

The Rolling Stones have cancelled concerts in Australia and New Zealand in the wake of Scott’s death.

Tributes have poured in for Scott, who often styled celebrities.

A rep for Nicole Kidman said the actress is “heartbroken and in shock.”

Canadian singer Bryan Adams said he was “devastated” and tweeted: “Rest in peace my dear I’m gonna miss you.”

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