Those in need of stocking up on their makeup will be able to snap up a serious bargain on Napoleon Perdis products following news that the makeup giant will host a massive closing down sale.

The cosmetics giant is expected to slash up to 50 per cent off their prices following news yesterday that the cosmetics empire had gone bust and collapsed into voluntary administration.

On Thursday, Napoleon Perdis shut 56 stores across the nation for stocktake, including 23 outlets in department store chain Myer.

But the doors are not yet closed for good and will reopen this morning with a huge firesale, as liquidators from Worrells Solvency and Forensic Accountants attempt to make back some of their losses.

A spokesperson from Napoleon Perdis spoke with Daily Mail Australia yesterday confirming the news of the mega sale.

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The spokesperson said that the details are yet to be finalised but savvy shoppers should keep an eye out on the brand’s official website and social media channels for further details and updates.

So far, the beauty brand has already offered 50 per cent off selected products online including lipsticks for $19, colour palettes for $30, mascara for $14.50 and various brushes from $9.

After 24 years in business, the directors of Napoleon Perdis Group appointed liquidators from Worrells Solvency and Forensic Accountants on Thursday.

Napoleon Perdis, who built the brand from scratch, said in a statement yesterday that his staff are like his family and he will continue to work to evolve the company.

“The brand is still in high demand from our customers and is more innovative than ever, so by restructuring the business in this manner, we believe, puts it in a prime position to continue to evolve through continued trade or in a sale,” he said.

“My family and I are 100 per cent committed to achieving the best outcome for all stakeholders. We are fortunate that throughout our business, we have staff and teams who have not only underpinned the business success but who are our extended family.”

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“Their unwavering contribution will undoubtedly pave the way for the successful and strategic trade on. As we work towards our goals, we ask customers, suppliers and other interested parties to continue with their valued support of the brand.”

The administrators intend to seek buyers/investors through a sale of a business process.