Another major Australian retail chain has collapsed, with the receiver warning that more could follow, as consumer confidence remains shaky.
Almost 500 jobs are in limbo after Melbourne-based stationery chain kikki.K was placed into voluntary administration.
The chain has 65 stores across Australia, Singapore, Hong Kong, London and New Zealand, as well as an online store.
Barry Wight from the company’s receiver, Cor Cordis, told…