Administrators for collapsed cosmetics retailer Napoleon Perdis have closed half of the chains 56 stores in a bid to make the business more appealing to potential buyers.
The eponymous chain, founded by Australian makeup mogul Napoleon Perdis, appointed administrators from Worrels last week.
Administrators remain confident they can sell the business, citing significant interest but conceded suitors wanted a right-sized store network.
The administrators have undertaken an assessment of each store over the weekend, factoring in past performance, the right-sizing of the business as a whole and the location.
As a result of this review, we have identified a number of stores that will be closed. This decision has not been taken lightly and …
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