Posts tagged "Kikki.k. Voluntary administration"

When the COVID-19 pandemic forced the global stationery brand kikki.K into administration, founder Kristina Karlsson had to start from scratch.

Administrators Liam Healey and Quentin Olde from Ankura will reportedly now seek a buyer for the business.

Shareholders have voted to sell Australian stationery brand Kikki.K to US-based Erin Condren Designs, in a deal that will see the majority of employees keep their jobs.

Stationery brand Kikki.K has become the latest prominent Australian retailer to temporarily close its bricks-and-mortar stores in response to the COVID-19 crisis.

The directors of stationery chain Kikki.K say they are "humbled" by an outpouring of support for the brand, as sales jump and nine interested buyers and partners come forward just days after it collapsed.

Australian stationery business Kikki.K has fallen into voluntary administration, with co-founder Paul Lacy blaming a "perfect storm" of factors.