“It is with profound regret and sadness that we take this action,” founder Kristina Karlsson said. “But we ran out of time and had no choice but to place the company into external administration,” Lacy explained. The chain has 65 stores across Australia, Singapore, Hong Kong, London and New Zealand, as well as an online store. Luxury stationery business kikki.K has been placed into voluntary administration, in what CEO Paul Lacy branded a perfect storm of economic blows that have slammed the retailers. “It is with profound regret and sadness that we take this action,” founder Kristina Karlsson said. Stationery giant kikki.K has collapsed into voluntary administration, with the future of the business' Australian stores in jeopardy. 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. The CEO of the stationery company, Paul Lacy, said they tried to secure an international buyer of the company. Australian stationary company kikki.K announces its gone into voluntary administration. Melbourne-based stationery chain kikki.K has followed Bardot, Jeanswest and Colette by Colette Hayman into administration. Almost 500 jobs are in limbo after Melbourne-based stationery chain kikki.K was placed into voluntary administration on Tuesday. Kikki.K in receivership as global expansion turns sour. Also, the market has seen the entry of new competitors like Smiggle, which targets a younger consumer. Analysts say retailers who are dependent on discretionary spending seem to be more exposed to tougher times. kikki.K has 65 stores and employes 450 staff full-time. Austalia’s stationary retail chain Kikki.K becomes the latest victim to go into administration, leaving 450 employees jobless from 65 stores. The chain has … Melbourne-based stationery chain kikki.K has followed Bardot, Jeanswest and Colette by Colette Hayman into administration.. kikki.K has 65 stores and employs the equivalent of 450 full-time staff. Qantas and Jetstar announce a reduction in international services amid Coronavirus fears. ... Kikki.K has annual sales of about $70 million, 450 staff and a network of 65 stores in … Almost 500 jobs are in limbo after Melbourne-based stationery chain kikki.K was placed into voluntary administration. kikki.K has 65 stores and employs the equivalent of 450 full-time staff.