Why is Kikki K shutting down?
K were liquidated, but employee creditors would be paid in full. Mr Olde and Liam Healey were appointed administrators on August 26 after lockdowns in Victoria and NSW forced Kikki. K to close almost half its 36 stores, decimating sales at a time when EC Design was attempting to reduce high central overhead costs.
Does Kristina still own Kikki K?
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.
Is Kikki K closing down 2021?
K has been thrown a lifeline by Brandbank Group, which said on Friday it intends on picking the brand up from the company’s administrators. According to Brandbank Group, most head office, retail and online employees will retain their jobs, and approximately 30 stores will remain open. “We are delighted to have Kikki.
Who is Kikki K?
Kikki. K co-founders Kristina Karlsson and Paul Lacy have told staff of their heartbreak after the Swedish-inspired stationery business they founded 20 years ago collapsed 12 months after it was rescued from administration. “Today is a sad day.
Is Kikki K owned by Erin Condren?
We are disappointed to share that after an ongoing series of COVID-19 lockdown measures affecting key retail locations in Australia, design and stationery brand kikki. K entered voluntary administration. In 2020, EC Design acquired kikki.
Who bought Kikki K?
Brandbank Group
Brandbank Group has announced its intention to acquire stationery retailer Kikki. K for an undisclosed amount. Brandbank will acquire the business from the company’s administrators Quentin Olde and Liam Healey from global advisory firm Ankura. Upon sale conditions being met, Kikki.
Does Erin Condren own Kikki K?
The Receivers decided the purchaser of kikki. K to be US-based company, E.C. Designs LLC, which also operates as Erin Condren Design.
What’s happening to Kikki K?
Brandbank Group has confirmed it will acquire Kikki. K for an undisclosed amount after it filed for voluntary administration twice in two years. The stationery retailer has filed for voluntary administration twice in two years, the first in March 2020 and then in August 2021.
What has happened to Kikki K?
Why is Kikki K successful?
She found the available stationery and organization solutions to be woefully lacking. Designing her own stylish and practical products, she conducted focus groups to make sure there was a demand for these products. She received an overwhelmingly positive response and launched her brand. Today, Kikki.
What industry is Kikki K in?
stationery chain
Kikki. K continues to trade across a small number of stores in Australia after a gradual reopening as lockdowns were eased. The upmarket stationery chain, founded 20 years ago by Kristina Karlsson and Paul Lacy and known for its Swedish aesthetic, had been in talks with a possible strategic Chinese buyer.
Who owns Allkinds?
group Brandbank
Retail group Brandbank has launched a new skincare brand focused solely on the tween market – those aged between 8 and 12 – called Allkinds.
Who bought out Kikki K?
Brandbank Group has confirmed it will acquire Kikki. K for an undisclosed amount after it filed for voluntary administration twice in two years. The stationery retailer has filed for voluntary administration twice in two years, the first in March 2020 and then in August 2021.
Where are Kikki K products made?
China
Most of kikki. K’s paper products are also made in China, though its letterpress cards, made on antique printing presses, are designed and manufactured at Melbourne’s Chapel Press on cotton paper sourced from the US.
Did Erin Condren buy Kikki K?
Is Allkinds an Australian company?
Allkinds formulated products – the stuff you put on your face, body or hair – are all made in Australia with No Gross Stuff. No sulphates.
Is Allkinds cruelty free?
We never test or experiment with our products on animals. We use no animal-derived ingredients: our products are totally vegan. We use real natural fragrances, not synthetics, so you can feel good and smell good.