It started as a dream for Kristina 'Kikki' Karlsson, who grew up on a small farm in Sweden, wanting to do something meaningful, something she loved… Today, it's a global journey of Swedish design and stationery love. ...

Why did kikki K fail?

Ms Karlsson and Mr Lacy blamed the collapse on the latest lockdown in Kikki K's home state of Victoria, NSW and the ACT, saying the company was heavily dependent on sales from its retail stores, which sell diaries, calendars, planners, notebooks, cards and wrapping paper.

When was kikki K started?

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.

How did Kristina Karlsson start her business?

Kristina Karlsson, 42, is the founder of stationery brand, kikki. K. She was inspired to set up the business in 2001 after noticing a gap in the market for stylish and practical home office products.

Who is kikki K owned by?

Kikki. K co-founders Kristina Karlsson and Paul Lacy have written to staff to tell them the difficult news, The Australian Financial Review reports.

kikki.K Ultimate Planner Lovers Gift Pack Reveal

Where is kikki manufactured?

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.

Does Erin Condren own kikki K?

EC Design, the parent company of Erin Condren, has officially announced the acquisition of the kikki. K brand. The acquisition was finalized on July 30, 2020 and both companies are working diligently through a smooth restructuring process that with hopefully save nearly 30 kikki.

Where did Kristina Karlsson grow up?

Kristina Karlsson was born in 1973 and raised in the Swedish city of Falkenberg. After finishing school she, like many other Scandinavians, became infected with the travel bug and worked all over the world.

What is Kikki K Worth?

The company has 80 stores across Australia and sells its signature Swedish stationery and gifts to customers in 137 countries. According to Fairfax, kikki k returned to profit for the first time in four years in 2015, with sales increasing by 28% to more than $60 million.

What is happening with Kikki K?

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.

What does voluntary administration mean?

Voluntary Administration is a process where an insolvent company is placed in the hands of an independent person who can assess all the options available, and generate the best outcome for a business owner and for creditors.

Why did Jo Horgan start mecca?

"From the outset my vision was that we would democratise beauty. I wanted to upend the industry, the beauty culture of the time, because I felt that all the power resided with the brands and retailers, and not with the customers."

How old is Jo Horgan?

For many women buying makeup in a department store can be an intimidating experience, and Jo Horgan was no different. The 49-year-old says that she often found it uncomfortable that different brands would have their own counters or concessions, staffed by women who would only push those lines of products.

Who is the CEO of Kikki K?

Kristina Karlsson is the Founder and Creative Director of global Swedish design and stationery business, kikki. K, with stores across Australia, New Zealand, Singapore, Hong Kong and the UK, and sold online to stationery and design lovers in over 140 countries worldwide.

What discount do Mecca employees get?

Lovely coworkers and customers. Amazing 40% off discount, with free products all the time from brands. Managers highly motivated staff with daily challenges but no official personal sales targets. Really good work culture.

Is Mecca privately owned?

Mecca Brands Pty Ltd is a locally-owned private company, deriving revenue from the retail sale of cosmetics and associated products. The company employs about 3,200 people, operates in Australia and New Zealand, and is administered from its head office in Richmond, Victoria.

Is Mecca A UK?

Mecca Bingo (formerly called Top Rank) is a UK-based company and operator of 76 bingo clubs located in major towns and cities.

Who owns Mecca in Australia?

Mecca Cosmetica's Jo Horgan on building a multi-million dollar business - Vogue Australia.

Is Mecca an Australian brand?

I am really proud of the fact that Mecca is an Australian born and bred company that has focused 100 per cent on Australian and New Zealand women.

Do staff get paid when a company goes into administration?

Any payments that are owed from before the four-month period will be paid as if you are an ordinary creditor. Payments owed from during the four-month period before the administration period will be paid preferentially, giving you a financial advantage and money to fall back on when you are looking for a new job.

What happens to creditors when a company goes into administration?

When a company goes into administration, the administrator will aim to rescue the company in order to get the best possible result for the creditors. They may also realise any assets or company property which will be used to pay secured and prioritised creditors.

Can a company in administration still trade?

Trading whilst in administration

A company can trade in administration, but the directors are not in control during this period. ... In other instances the longer-term plan might be to sell the business as a going concern, and trading whilst in administration helps to preserve its value.

Is administration the same as liquidation?

Administration: to rescue a company by restructuring or otherwise returning it to profitability. Liquidation: to wind up the company by realising its assets so that creditors/shareholders can be repaid.

Can I get my money back if a company goes into administration?

If you're owed money, you're a creditor of the person or company that is in debt to you. ... To try to get money back from an insolvent company that is not in liquidation, you can apply to wind the company up. If the person or company has no assets you will not get your money back.