kikki.K founder Kristina Karlsson will stay on as shareholder and leader of the business. The Australian design retailer was placed into voluntary administration in March, blaming external pressures such as Brexit and social unrest in Hong Kong. A partnership with US-based EC Design will see kikki.K continue to trade online,in addition to a selective retail…
DetailsA TWEED Heads travel agency has likely become the latest victim of COVID-19 – falling into liquidation owing $155,000. The directors of D P & C Ryan Pty Ltd, which traded as Global Travel & Cruise and was part of the Helloworld Travel group, made the decision to undertake a creditors’ voluntary winding up of…
DetailsHow did you move into specialising in insolvency? Newcastle born and bred, I moved to Sydney after finishing my commerce degree at Newcastle Uni. I joined accounting firm Grant Thornton when they were handling the restructure of Patrick Stevedores during the 1988 Australian waterfront dispute, which helped change Australian workplace law forever. I also handled…
DetailsUnsecured creditors from across the cotton industry are being warned to expect to be repaid maybe just a fifth of their losses following the collapse of Chinese-owned merchant Weilin Trade owing about $58 million. Latest estimates suggest about 195 cotton growers, brokers, merchants and other service providers have lost money after Weilin bought cotton for…
DetailsJames Stewart, a business restructuring expert with KPMG who specialises in retail, said while sellers of food, consumer electronics and tech already operating online were likely to remain profitable, Monday’s government announcement would hit hard those trading in fashion and other discretionary goods from city and suburban shops. The shift to working from home, the…
DetailsCo-founders Kirstina 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. Following the collapse, nine potential buyers expressed their interest in the brand within 24 hours, the founders said, and customers flocked online…
DetailsCLOSE Consumers are scared to go out and retailers are floundering. Is there a future for the traditional indoor shopping mall? Wochit Lord & Taylor, of one of the nation’s oldest department store chains, has started liquidating 19 of its 38 stores. The retailer filed for Chapter 11 bankruptcy protection Sunday, joining the growing list…
DetailsA TWEED Heads travel agency has likely become the latest victim of COVID-19 – falling into liquidation owing $155,000. The directors of D P & C Ryan Pty Ltd, which traded as Global Travel & Cruise and was part of the Helloworld Travel group, made the decision to undertake a creditors’ voluntary winding up of…
DetailsIt’s been a tough few months for businesses, butone beloved retailerhas just announced some good news. Stationery brand kikki.K was placed into Voluntary Administration in March just as the world began to be seriously affected by COVID-19. Today they have announced apartnershipwithUS-based EC Design which means that they will continue to trade as well as…
Detailskikki.K has been saved from voluntary administration after securing a partnership with US-based EC Design. The global stationery brand was placed into voluntary administration in March 2020. The stationery brand will now expand its e-commerce offering and continue to operate its 30 stores across the world. The retailer entered Receivership in March, saying it was…
Details