news, local-news, administration, napoleon, perdis, cosmetics
Australian cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk. Company directors had been trying to find a buyer for months. The company has a retail outlet in Bendigo Marketplace and sells at Myer. 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 Napoleon Perdis stores closed on Thursday for a stoc…
Read the full article at: https://www.bendigoadvertiser.com.au/story/5881171/cosmetics-brand-napoleon-perdis-enters-voluntary-administration/