Stationery retailer kikki. K announced that it has secured its future with Brandbank Group, who have recently completed the acquisition of kikki.K.
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Brandbank Group is a collective of brands working together as a single company and features a stable of fashion and lifestyle brands including Seed Heritage, Allkinds, French Connection Australia and Commonry.
With the acquisition, kikki.K will maintain the majority of head office employees, the retail team, its online store plus approximately 30 retail stores. The stationery brand will also launch their new 2022 Dated and Christmas collections in time for the Christmas shopping season.
Brandbank Group CEO, David Thomas said, “We are delighted to have kikki.K join our stable of world-class brands. kikki.K has a strong following of passionate customers and a loyal team behind it. Our focus is to work together with the kikki.K team to create a successful future for the brand. We are looking forward to expanding the online store, re-energising the retail store network as lockdown restrictions are lifted, improving the customer experience and exploring medium-term international opportunities for kikki.K. We believe the brand has a bright future.”
kikki.K was founded by Kristina Karlsson in 2001 and grew to service customers in more than 140 countries including Australia, New Zealand, Singapore, Hong Kong and the United Kingdom.
In recent years, the business found itself in trying times, being placed into administration twice in the space of 17 months, due to the pandemic, bushfires, protests in Hong Kong, Brexit and falls in Christmas sales globally.
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Brandbank Group was founded by Peter Lew and operates across Australia, New Zealand, Singapore, Hong Kong, the United States and Canada.