L’Oréal USA said Monday that it will close all U.S. operations of Shu Uemura Cosmetics.
L’Oréal took a 35 percent 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.
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