AUSTRALIAN cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk.
This includes stores in Joondalup, Hillarys, Midland, Booroogoon, Cockburn and Rockingham.
Company directors had been trying to find a buyer for months.
The struggling brand was created in 1995 by Australian makeup artist Napoleon Perdis, who started with a concept store in Sydney before expanding the company overseas in 2004.
Administrators Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants will now consider a restructure or pursue the sale option while the business continues to trade.
All Napolean Perdis stores closed today for a stocktake and are scheduled to reopen tomorrow with an expe…
Read the full article at: https://www.communitynews.com.au/joondalup-times/business/napoleon-perdis-group-in-voluntary-administration
