Stationery retailer Kikki K has shut up shop in New Zealand.
Stuff reported the chain was put into receivership in March after weak sales in December and January.
This led the company into liquidation in April.
Chief Executive Paul Lacy said external factors added to the business folding.
“We've had the triple-whammy of soft consumer demand, the business impact of bushfires and more recently the unprecedented and profound impact of coronavirus which is hitting so many businesses and countries so hard,” he told Stuff.
A spokesman for BDO, Kikki K's receivers in New Zealand, confirmed the company closed seven New Zealand stores on Monday June 1.
He said 31 full-time and part-time staff and 12 casual staff have lost their jobs as a result of the closures.
The business has stores across Australia, Singapore, Hong Kong and the UK and sells online to over 140 countries.
The stationery retailer has released a statement on its website confirming the closure.
"Tack (Swedish for thanks!) New Zealand it's "bye for now" from our store teams."
"To our New Zealand kikki.K Lovers. Thank you for your ongoing support and sharing the kikki.K love by shopping in-store with us."
"For now, our New Zealand stores have all closed their doors indefinitely. Should there be any changes to this in the future, we will be sure to communicate with all New Zealand guests via email."
New Zealand customers can still buy products online from the Kikki K website.
Kikki K was founded by Swedish entrepreneur Kristina Karlsson when she was 22 years old.
Karlsson created the business to help people come up with and follow their own dreams.
"Her new dream is to inspire and empower over 101 million people just like you to write their own dreams on paper and set about bringing them to life," the website says.
"Because by dreaming, we can all help make the world a better place, starting with us."