Business
Kikki.K saved from collapse by US stationery company – Sydney Morning Herald
Collapsed stationery retailer kikki.K has been saved from administration by a US-based buyer which will see the business continue to operate with a reduced store footprint.
Co-founders Kristina Karlsson, who started the business in 2001, and Paul Lacy will continue to run the business and will remain shareholders, with kikki.K operating as an Australian sister company to Erin Condren.
Following the collapse, nine potential buyers expressed their interest in the brand within 24 hours, the founders said, and customers flocked online to support the business, driving e-commerce sales up 200 per cent.
“We really got caught in a perfect storm leading to voluntary admin…
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