Napoleon Perdis’ beauty empire on the brink of collapse again
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<p>Napoleon Perdis has stood down from his own cosmetics empire Napoleon Perdis Cosmetics.</p>
<p>Makeup fans were shocked when it was revealed earlier this year that Napoleon Perdis Cosmetics had appointed administrators after racking up debts of $22.8 million.</p>
<p>However, after a stocktake sale, as well as the closure of dozens of stores, the company was saved after being rescued by “daigou queen” Livia Wang and ex-Witchery box Henry Lee.</p>
<p>According to <a rel="noopener" href="https://www.news.com.au/finance/business/retail/makeup-mogul-napoleon-perdiss-shock-departure-from-beauty-empire-revealed/news-story/1b851275cfc37e3e56fe5f72cf6f513f" target="_blank">news.com.au</a>, Wang and Lee’s Kuba Investments took over the company and saved it from liquidation, as well as keeping on Mr Perdis and his wife Soula-Marie Perdis as creative consultants.</p>
<p>Creditors were quick to approve the deal, but it seems to have already turned sour.</p>
<p><a rel="noopener" href="https://www.afr.com/business/retail/napoleon-perdis-severs-ties-with-napoleon-perdis-cosmetics-20190617-p51ye6" target="_blank">The<span> </span><em>Australian Financial Review</em></a> said that Kuba employees were informed late last week that the relationship with the couple has been “severed”.</p>
<p>The publication has cited that “sources” who claimed “the consultancy agreement ended because Mr and Mrs Perdis now live in Athens and the relationship had proved unwieldy”.</p>
<p>However, other sources claimed that the business relationship was cut after “Mr Perdis attempted to regain a seat on the board and tried to establish a new brand and products for his daughter Lianna”.</p>
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<div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div>
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<p style="margin: 8px 0 0 0; padding: 0 4px;"><a style="color: #000; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none; word-wrap: break-word;" rel="noopener" href="https://www.instagram.com/p/BnQfyEMHJlt/" target="_blank">#BTS #lipstick @mbffbrisbane NPxx</a></p>
<p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;">A post shared by <a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px;" rel="noopener" href="https://www.instagram.com/napoleonperdis/" target="_blank"> Napoleon Perdis Cosmetics</a> (@napoleonperdis) on Sep 3, 2018 at 1:46am PDT</p>
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<p>The<span> </span><em>Australian Financial Review</em><span> </span>also claimed that Mr Perdis had complained about the “pathetic” situation on Instagram and vowed to “never give up”.</p>
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