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 the ABC that the retail chain has been struggling for some time but that poor summer trade had likely exacerbated its problems.
“There really just wasn’t enough spending money during the December and January period, certainly we’ve had an impact of bushfires in December and then most recently the impacts of the coronavirus.” – Mr Wight said.
