"Daigou queen" Livia Wang and former Witchery executive Henry Lee have come to the rescue of Napoleon Perdis, offering to buy his eponymous make-up empire, which went into voluntary administration in January.
Ms Wang and Mr Lee have formed a private investment company, Kuba Investments, which proposes to take control of Napoleon Perdis Cosmetics through a deed of company arrangement (DOCA).
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
