At the second meeting of creditors of Napoleon Perdis Cosmetics Pty Limited, creditors yesterday voted to support the Deed of Company Arrangement (DOCA) proposed by Henry Lee and Livia Wang of KUBA Investments Pty Ltd.
Wang has a strong retail and e-commerce background as the Managing Director of Access Brand Management, a company which represents businesses looking to do business in mainland China through daigou or other established channels.
Directors, Soula-Marie Perdis and Emanuel Perdis were at the meeting, giving creditors an opportunity to ask them any questions.
This result means that the company will avoid being placed into liquidation and shutdown. The administrators and KUBA will now need to complete some critical…
Read the full article at: https://www.powerretail.com.au/multichannel/solid-foundation-napoleon-vote/