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.
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 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.
Who is Tory Kiam’s daughter Lia Sophia?
Tory Kiam is the son of Victor Kiam, the onetime owner of the New England Patriots and president of Remington Products, who bought the business in 1986 and named it Lady Remington. The younger Kiam renamed it Lia Sophia after the names of his two daughters in 2004.
How much did Lia Sophia get reimbursed for?
Who owns Lia Sophia jewelry?
When did Lia Sophia jewelry shut down?
When did Kiam rename Lia Sophia?
Did Lia Sophia honor its lifetime guarantee?
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Lia Sophia Creating Problems As Company Shuts Down
Earlier this month, Lia Sophia abruptly announced that they would be closing their doors. Up until that moment they had been signing individuals up to be distributors. We were one of the first to break the story about the Lia Sophia announcement. Since the announcement Lia Sophia has posted all of their items at […]
Jewelry Retailer Lia Sophia Closing Its Doors – NBC Chicago
The popular direct-sales jewelry retailer Lia Sophia announced Monday it will be closing its doors this month. “We are so proud of building Lia Sophia over the past 28 years into an outstanding ...
Find Local Lia Sophia™ Consultants | Direct Sales Aid
Contemporary, casual, cutting edge or classic, Lia Sophia anticipates your mood with beautiful jewelry, including pieces reminiscent of the favorites of celebrities, in its direct sales collections.
How much did Lia Sophia get reimbursed for?
New sales advisers, who bought starter kits to begin selling Lia Sophia jewelry, have been allotted roughly $178,750 to reimburse them for the cost of their starter kits.
Who owns Lia Sophia jewelry?
The suit also said that Lia Sophia’s owners – Tory Kiam and his wife, Elena Kiam – knew months in advance that they would shut down the business but continued to recruit new sales representatives and allowed established sales representatives to continue selling jewelry.
When did Lia Sophia jewelry shut down?
Lia Sophia, a direct-sales jewelry company, shut down in 2015. (Tim Hunt / Chicago Tribune) Cindy West did so well as a Lia Sophia jewelry sales representative that she became a leader in the direct-sales business, mentoring several sales representatives and pocketing a portion of their commissions. Then, in December 2014, the company dropped ...
When did Kiam rename Lia Sophia?
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.
Did Lia Sophia honor its lifetime guarantee?
The suit alleged that Lia Sophia refused to honor its lifetime guarantee on purchases, even though it continued to sell its merchandise through an online outlet and no longer used its sales representatives.
