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Direct Selling Jewelry Company, Lia Sophia, Shutting Down

 
It was announced on their company call today that Lia Sophia will be shutting down. This comes as a surprise as until a few days ago, distributors were heavily promoting the products and company. It is uncertain as to the reason or what will happen with pending transactions. The website is still active and future events remain on the calendar. 
Lia Sophia is a family owned business that was founded by Victor Kiam under the name Lady Remington several decades ago. It is currently run by Elena and Tory Kiam. 
Their website describes the company as: 
Versatile style is the theme of our latest collection, but it’s true of lia sophia year after year. The beautiful jewelry we create works in every moment of a woman’s life, from the easy way our pieces coordinate to individual styles that transform into multiple looks. The designs are timeless, and so is the quality, with every piece backed by our unmatched Lifetime Replacement Guarantee. And this season, more than 60% of the collection is priced at less than $50.
Women are at the heart of lia sophia, sharing and connecting over our designs all around the country. We consider our Hostesses and Advisors extended family, and we’re proud of the

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