Kikki.K saved from collapse by US stationery company – Brisbane Times

Co-founders Kirstina 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…

Lord + Taylor stores closing: Liquidation sales are now underway as part of company’s bankruptcy amid COVID-19 – USA TODAY

CLOSE Consumers are scared to go out and retailers are floundering. Is there a future for the traditional indoor shopping mall? Wochit Lord & Taylor, of one of the nation’s oldest department store chains, has started liquidating 19 of its 38 stores. The retailer filed for Chapter 11 bankruptcy protection Sunday, joining the growing list…

kikki.K Avoids Voluntary Administration, Plans Online Expansion – Power Retail

kikki.K has been saved from voluntary administration after securing a partnership with US-based EC Design. The global stationery brand was placed into voluntary administration in March 2020. The stationery brand will now expand its e-commerce offering and continue to operate its 30 stores across the world. The retailer entered Receivership in March, saying it was…

South Africa Looks Toward Inclusive Recovery to Stabilize Debt, Boost Growth – International Monetary Fund

Job seekers stand outside a construction site near Johannesburg. South Africas unemployment rate hit a record high even before the pandemic hit. (photo: Siphiwe Sibeko/REUTERS/Newcom) South Africa Looks Toward Inclusive Recovery to Stabilize Debt, Boost Growth August 3, 2020 In a conversation with IMF Country Focus, the Director-General of South Africas National Treasury Dondo Mogajane…