How many customers did Lia Sophia sell?
The younger Kiam renamed it Lia Sophia after the names of his two daughters in 2004. Approximately 4 million customers, more than 19,000 sales representatives and more than 2,700 new sales associates are eligible for settlements. Roughly $2 million will be distributed to Lia Sophia customers who purchased jewelry between 2011 and 2014.
What happened to Lia Sophia jewelry?
Now, nearly three years after the direct-sales jewelry company shut down, former Lia Sophia sales representatives like West and millions of customers are going to get their due. Or at least some of it.
Are you eligible for a jewelry settlement?
Customers who purchased jewelry between June 23, 2011, and Dec. 1, 2014, are eligible for settlements, as are sales associates who sold merchandise between Jan. 1 and Aug. 17, 2014. New sales associates who bought starter kits — which ranged from $99 to $149 — between Aug. 1 and Dec. 1, 2014, are also eligible for cash.
What was the settlement with the a class action suit?
A class-action suit West filed in June 2015 was settled this week, creating a $6.7 million cash fund that will be used to settle with qualified customers and sales representatives and will pay administrative expenses and attorney’s and incentive fees to the initial members of the class-action suit.
Does Lia Sophia still exist?
Lia Sophia, a direct-sales jewelry company, shut down in 2015.
Who started Lia Sophia?
Tory KiamTory Kiam and his wife, Elena, run the Chicago-based company (its lis sophia collection includes more than 200 piece) as a direct-sales operation that aims to appeal to Hollywood as much as America's heartland. The company issues two catalogs each year with price tags that range from $20 to more than $100.
Why did Lia Sophia Close?
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.
How long has Lia Sophia been in business?
But after 40 years of business, Lia Sophia announced on Dec. 1, 2014 that it would wind down its U.S. and Canadian operations by Dec. 31, and would shut up shop completely by the end of February 2015, the plaintiffs say.
What is Tory Kiam doing now?
Kiam is the president of Lia Sophia, an Illinoisbased direct-sales jewelry company originally founded as Lady Remington by his late father. Eve Weinstein, the ex-wife of Harvey Weinstein, recently bought a full-floor apartment there for $10.4 million.
How do you clean Lia Sophia jewelry?
Baking soda, salt and aluminum foil. Mix one tablespoon salt and one tablespoon of baking soda and mix with one cup warm water. Pour into the dish. The mixture will create a chemical reaction with the foil and bubble as it cleans the jewelry. Rinse with cool water and buff dry with a clean cloth.
What is Cookie Lee jewelry made of?
What kinds of materials are Cookie Lee jewelry made of? Materials include colorful art beads, rhinestones, and faux round pearls and baroque pearls. Baroque pearls are not round but come in irregular shapes. Other materials include gold-tone metal, which is metal that has been dyed or treated to resemble gold.