Dragun beauty supply store has closed its doors, its parent company has filed for bankruptcy and its parent has gone bankrupt.
The company that owns the store in the city of Lusaka, Zambia, said on Tuesday it had sold its stake in the business to a new entity.
The Zambian government has been trying to clean up the local beauty industry, which is plagued by corruption, lack of supply and poor quality.
The government has also been investigating a spate of murders linked to the chain of cosmetics stores, which has reportedly taken more than 1,000 lives in the country’s south-west.
Dragun has been accused of running a thriving business, selling products in the same manner as a beauty salon and advertising them on television and radio.
Last week, the company’s founder, Dr. Rolon Ndonguwe, was sentenced to 10 years in prison for embezzlement.
He had pleaded not guilty.
Ndongwenda was found guilty of embezlement after authorities seized $500,000 in cash and jewelry from the stores in 2009 and 2010.
He was found innocent of the murder of an employee at the stores who was allegedly beaten by a dragun employee.
In December, the Zambian legislature passed a law to clean the country of draguns.
But the government has failed to implement the law, leaving the business and its customers in the dark about its future.
At the time, Zambian Vice President Zulu Dlamini-Zuma said it would take “a few weeks” to get the law implemented.
“Dragun is not a business, it is a symbol,” he said.
“We need to work together, we need to be a team.”