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.
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“We really got caught in a perfect storm leading to voluntary administration, but our dream to do something meaningful in the world via kikki.K has been so strong weve done everything we can on behalf of all stakeholders,” Ms Karlsson said.
“Its a great feeling to come through it with a brilliant result in…
Read the full article at: https://www.smh.com.au/business/companies/kikki-k-saved-from-collapse-by-us-stationery-company-20200804-p55iah.html