Pola Orbis announced that it resolved at a meeting of its board to liquidate and dissolve its subsidiary, Pola U.S.A. Inc. (PUI), which has headquarters in California.
PUI has been importing and selling cosmetic products as a hub of Pola Inc. in the U.S. Taking into account its basic policy of overseas strategy centering in Asia and business environment in the U.S., the company has decided to liquidate PUI in order to concentrate management resources to Asia.
Pola Orbis will continue its business operations in the U.S., mainly through overseas brands, such as Jurlique and H2O Plus.
Plans are for the dissolution to be completed by the end of October 2013.