Cathy Horyn: L'Wren Scott was 'planning to close her business'

The news of acclaimed fashion designer L'Wren Scott's apparent suicide Monday was heartbreaking, especially since we know so few details about what really happened. Now, Cathy Horyn, who was a fashion critic for The New York Times for 15 years, offers new information in her heart-wrenching obituary to Scott.

According to Horyn, Scott's fashion label was in financial trouble, and the designer had "problems managing her business: cash flow, finding the right managers, getting her goods out of Italian factories on schedule." Scott's business, LS Fashion Ltd., was nearly $6 million in debt in 2012, and she pulled her show from London Fashion Week last month. Horyn says Scott was planning to release an official statement Wednesday about her decision to close the business.

In addition to the commentary on Scott's business' economic state, Horyn also describes her friendship with Scott, saying the designer had been troubled and was under a tremendous amount of stress from the fashion industry. But Horyn "didn't think she would do something so desperate. Not L'Wren."

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Read the full obituary over at The New York Times.