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, but Administrators will now consider restructuring or pursuing the sale option while the business continues to trade.

Napoleon Perdis launched in over 200 Priceline stores from August 2018, in an exclusive agreement with, Priceline, who vouched its support of the business during the administration process.

Read more at SBS News