Design-led retailer kikki.K has collapsed into voluntary administration, with the future of its stores uncertain.
The retailer 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.
The move comes as News Ltd reports Topshop Sydney has closed its doors for the last time.
Kikki K founder Kristina Karlsson released a statement on Tuesday saying it was with “profound regret and sadness” the chain would be placed in the hands of administrators.
“This business began with a young girl’s dream 20 years ago and became an international success story with customers in over 150 countries.”
Brexit and a rates overhaul in the UK were partly to blamed for hitting its global bottom line.
This was further exacerbated with unrest in Hong Kong and a substantial fall in Christmas sales across the world.
Locally, bushfires and coronavirus impacts were also cited.