Makeup mogul Napoleon Perdis has been forced to cut ties with his eponymous cosmetics empire just two months after it was saved from collapse by "daigou queen" Livia Wang and former Witchery executive Henry Lee.

Ms Wang and Mr Lee's Kuba Investments retained Mr Perdis and his wife Soula-Marie Perdis as creative consultants after taking control of Napoleon Perdis Cosmetics through a $1.6 million deed of company arrangement in April.