Napoleon Perdis has stood down from his own cosmetics empire Napoleon Perdis Cosmetics.

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.

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.

According to news.com.au, 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.

Creditors were quick to approve the deal, but it seems to have already turned sour.

The Australian Financial Review said that Kuba employees were informed late last week that the relationship with the couple has been “severed”.

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”.

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”.

The Australian Financial Review also claimed that Mr Perdis had complained about the “pathetic” situation on Instagram and vowed to “never give up”.