Design-led retailer Kikki K has reportedly been acquired by US stationery company Erin Condren Designs, after collapsing into administration in March.
According to reports, shareholders have agreed to sell the business to the US company E.C Designs LLC, which is based in Austin, Texas and sells lifestyle products including planners, wall organisation products and stationery.
As reported by Ragtrader, Kikki K operates 65 stores across Australia, the United Kingdom, New Zealand, Singapore and Hong Kong.
It has 450 full-time employees and $70 million in annual revenue.
Erin Condren operates four stores in the US - one in Texas, two in California and one in Virginia - and has an online store.
Founder Erin Condren worked in the apparel industry before starting the business in 2004.