Aug 04, 2020, 12:40 EST
Bronx, United States, Aug 04, 2020, 12:40 /Comserve / -- The Swedish design and stationery brand kikki.K entered voluntary administration (equivalent to bankruptcy in the US) around 4 months ago until it was acquired by a US-based company EC Design (parent company of Erin Condren)
AUSTIN, Texas, Aug 3, 2020 --The Swedish design and stationery brand kikki.K entered voluntary administration (equivalent to bankruptcy in the US) around 4 months ago until it was acquired by a US-based company EC Design (parent company of Erin Condren). On July 30, 2020, EC Design plans to guide kikki.K and help restructure it to save almost 250 jobs and a collection of 30 stores.
Three years of environmental and economic disasters including – Australian Bushfires, Brexit, Social unrest in Hong Kong, increasing rent, and finally COVID – 19, have left a lasting impact on kikki.K and it was forced to enter voluntary administration on March 2020. But irrespective of all these challenges, kikki.K founders Kristina Karlsson and Paul Lacy were optimistic about the future of their business.
'It's been such a challenging time these last few months for so many people, and all of us at kikki.K were no exception' Ms. Karlsson said. The stationary giant will play the role of a ‘sister company’ to EC Design with Ms. Karlsson as the Creative Director and Mr. Lacy as the CEO, who will hold their original positions of leadership.
EC Design has been a long term admirer of kikki.K for its unique designs of highly functional products and is pleased to welcome the stationary brand into the EC Design family. Tonia Misvaer, the CEO of EC Design is looking forward to working with everyone at kikki.K throughout the restructuring process with the agenda of returning profitability to the brand.
Due to COVID – 19, kikki.K had shut their physical stores. But select stores have been opened now outside of Victoria. Parts of Australia will see upwards of around 25 stores that will continue to run, with two stores in New Zealand, two in Hong Kong, and one store in Singapore.
kikki.K, headquartered in Australia in 2001, is a Swedish design and stationery brand. Over the years, it has earned the loyalty of customers from almost 150 countries. It was founded by Kristina ‘kikki’ Karlsson, who was born in Sweden. The brand boasts aesthetic designs combined with the high functionality of their products.
COMSERVE empowers communicators by offering modern digital PR solutions and distribution services to identify and engage with customers, opinion leaders, bloggers and other relevant audience.
For more information, please contact:Anna R .Moser
India’s most luxurious full-service carrier, Vistara, and Japan Airlines (JAL) entered into a part
Partners for a Clean Environment (PACE) has launched a Small Business Equity Program in Boulder Coun