Kookai, the popular Australian fashion brand, has been in administration since October 4, 2022, and its future has been uncertain. However, there is now some light at the end of the tunnel, as a new buyer is set to be announced on November 29, 2022..
The news of the upcoming announcement was first reported by The Australian Financial Review, which cited sources close to the matter. The sources said that the successful bidder is expected to be a consortium led by New York-based private equity firm, KKR & Co. Inc..
KKR is a global investment firm with over $450 billion in assets under management. The firm has a history of investing in retail businesses, including Toys .
