Lia Sophia Says It Will Shut Down in February

Photo above: Celebrities Jessica Alba, Camilla Belle and Ali Larter step out in lia sophia jewels.


Jewelry seller lia sophia will close its doors in February, according to an announcement on the company’s website and social media pages. The family company said a “challenging business environment” is driving its decision to end operations in the U.S. and Canada.

The Chicago-based brand launched in 1986 as the jewelry division of Remington Products Company, a personal-care product empire. Tory Kiam has led the jewelry business since the death of his father, Remington owner Victor Kiam, in 2001. He and his wife, Elena, relaunched the company in 2004 under the lia sophia brand, named after their two daughters.

“We are so proud of building lia sophia over the past 28 years into an outstanding company that has empowered women, and whose jewelry has been a favorite of so many,” Elena Kiam, the creative director behind lia sophia’s designs, wrote Monday on her company blog. “However, given the challenging business environment, we made the painful decision to wind down lia sophia in the United States and Canada by December 31, and cease operations by the end of February.”

Advertisements

About Direct Selling News
Direct Selling News Magazine has been serving direct selling and network marketing executives since 2004. Each issue of Direct Selling News offers content on topics that shape the dynamics of our industry.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: