Tanning water brand to close its US stores
Tanning Water, a company that makes water-based bath products, has said it will close its stores and close all US locations, as part of a plan to cut costs.
The company said on Monday it was closing its US locations in Los Angeles, San Francisco, Chicago, Houston and Detroit.
The move comes after the company said it would not return to the US as a wholly-owned subsidiary in 2018.
Tanning said it was looking to divest assets and focus on expanding globally.
Its announcement comes after reports Tanning would be closing stores in the US, including in Michigan, California and Washington, DC.
The decision comes just days after the US Consumer Product Safety Commission announced it would take over the agency’s investigation into tanning bed safety after several reports of skin cancer linked to tanning beds in the country.
The US Environmental Protection Agency has also launched an investigation into how to prevent skin cancer from developing after tanning, the Associated Press reported on Monday.
Tanning has faced scrutiny for a rash of lawsuits since 2015, including a lawsuit filed by a Florida woman who sued the company in 2016.
The company denied the claim, saying it did not have any knowledge of the claims.
Tanner has been the subject of criticism over its tanning process, and in July 2016, the US Food and Drug Administration revoked the company’s approval for an inhaler that could help with tanning.
Tanner’s founder, Dr. Richard Ainsworth, said in 2017 that his company would no longer sell its products in the USA due to safety concerns.