So sad. On March 19, two days after L’Wren committed suicide, her close friend Cathy Horan revealed that the designer planned to announce that the closing of her business today, suggesting that she may have ended her life so that she didn’t have to see this sad day come.
What a tragedy to lose the beautiful and talented L’Wren Scott in such a devastating suicide. So many questions have surfaced since the 49-year-old designer’s body was discovered in her Manhattan apartment on March 17 and now, close friend Cathy Horyn has come forward with thoughts on L’Wren’s tragic death, and the news that she was due to announce the closing of her company on March 19.
Cathy Horyn Claims L’Wren Scott Was Due To Close Fashion Brand On March 19
Cathy, a New York Times fashion critic, wrote a touching piece for the newspaper entitled “Memories of a Friend, a Teacher and a Fighter,” where she revealed that following L’Wren’s death, she discovered that the designer was due to publicly announce the close of her company, LS Fashion Ltd, on March 19.
Could this be a hint into the timing of the suicide, which occurred just two days prior?
In her article, Cathy also explained that L’Wren had been struggling with her business for years, and that Cathy had tried many times to give her advice on the matter.
“Two years ago, our friendship was tested when, after hearing her troubles, I told her she should give herself a time limit to resolve matters [with her business] or get out,” Cathy wrote. “Putting her health in jeopardy because of stress was not worth it, I told her.”
Though we still do not know (and perhaps never will) the detailed reasons behind L’Wren decision to end her life, Cathy made a convincing point that sadly, L’Wren allowed her failing business to jeopardize her personal health and wellness.
LS Fashion was reportedly almost $6Million in debt, which would also account for the decision to formally close the company.
UPDATE: On March 21, L’Wren’s business sent out a full statement:
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.
Ms. Scott was considering a re-structure of her global business. The L’Wren Scott business consists of a wholesale business of ready-to-wear women’s wear, a bespoke Couture business for private clients, a licensing business, Ms. Scott’s globally recognized work as a Fashion Consultant and stylist and her collaborations such as her recent collection for Banana Republic. 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. As a private business, details of income and turnover are not publicly disclosed, however it can be said that the long-term prospects for the business were encouraging. Ms. Scott was very focused on doing what was right for her global business and for the support of her team.
In terms of figures shown at Companies House in the UK. The parent company of LS Fashion Limited based in America had made a standard loan investment to the UK subsidiary. LS Fashion Limited is fully able to meet the company’s liabilities and pay all suppliers and customers.
L’Wren Scott’s Tragic Suicide
Just a few days prior to L’Wren’s death, Cathy reached out to her friend via text, but received no reply, she explained in her article. Since the pair would speak at least monthly, Cathy was surprised at the lack of a response.
Little did Cathy know all that must have been going through L’Wren’s mind at that time.
We still can’t wrap our heads around L’Wren’s tragic passing, and Cathy’s suggestion that it was related to her struggling business — something so impersonal — just hurts even more. Our prayers are with her friends and family and may she rest in peace.
— India Irving