Beauty business Napolean Perdis has appointed administrators, becoming the second national retailerthis month to fall victim to difficult market conditions.
Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants were appointed as administrators of the business on Thursday.
All 56 of thecompanys stores will remain closed for stocktake today before re-opening tomorrow as a sale process is undertaken.
The administrators have so far been unable to confirm the number of employees working for the business.
The eponymous brand was started by Australian makeup artist Napoleon Perdis in 1995 with an initial concept store in Sydney which expanded out of a makeup academy.
It grew to international prominence, particularly in th…
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