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Stationery giant kikki.K is SAVED at the last minute after collapsing into administration [Video]

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Stationery giant kikki.K has been saved after it was put into voluntary administration amid the coronavirus pandemic and in the wake of the bushfire crisis. 

The global Swedish design and stationery brand announced on Tuesday it has partnered with US-based EC Design to continue trading and grow its eCommerce business.

The announcement, which will see kikki.K effectively remain an independently-run business, will preserve almost 250 retail jobs at 30 stores. 

Kikki.K was placed into voluntary administration in March following a 'perfect storm' of events, including: Brexit, social unrest in Hong Kong, the Australian bushfires, rising rent and payroll costs, consumers moving to shop more online and COVID-19. 

Despite the factors, kikki.K founders Kristina Karlsson and Paul Lacy remained positive about the future of the 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. 

'We really got caught in a perfect …

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