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March 30, 2010
By: TOM BRANNA
Editor
Goodbye to Shu! L’Oréal USA will close all U.S. operations of Shu Uemura Cosmetics. The move was made after L’Oréal Group posted less than stellar results during the recession. L’Oréal took a 35% stake in Shu Uemura in 2000, going on to acquire a controlling interest in November 2003. The brand’s current U.S. distribution was forged in 2004, although selected stockkeeping units entered the American market in 2003. According to Carol Hamilton, president, L’Oréal USA’s Lux...
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