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Mon Purse collapses, appoints liquidators from Wexted Advisors
By Imogen Bailey | 17 December 2020
Accessories label Mon Purse has collapsed, appointing liquidators from Wexted Advisors and ceasing trade.
The business, which focused on personalised, monogrammed leather goods, was founded by Lana Hopkins in 2014, who later stepped away from the business.
The business is now run by its sole director, former chief operating officer Andrew Shub.
The brand operated four concessions in Myer stores across the country and also had its own boutiques in Paddington and Doncaster and Warringah Westfields.
In 2017, Hopkins told
Funding its growth was a series of three capital rounds, one of which was partly backed by Australian Catch of The Day (now Catch) founders Gabby and Hezi Leibovich.
Leather retailer Mon Purse goes into liquidation amid the COVID-19 economic recession cairnspost.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairnspost.com.au Daily Mail and Mail on Sunday newspapers.
Business by Kathy Skantzos Luxury fashion retailer Mon Purse that got off the ground as a Sydney-based start-up in 2014 is the latest brand to fall victim to 2020 s retail blows. The Australian retailer, founded by entrepreneur and former News Corp advertising sales executive Lana Hopkins, has collapsed on the back of COVID-19 supply issues which led to customers waiting weeks for their purchases. Customers took to the brand s Facebook page to complain about orders not being delivered, but the business has failed to update its social media accounts since mid-October. The retailer hasn t communicated with customers since it offered a 40 per cent discount storewide to its email subscribers in October.
Luxury leather goods retailer Mon Purse collapses into liquidation
Mon Purse co-founder Lana Hopkins.
Luxury leather goods retailer Mon Purse has entered liquidation and reportedly ceased trading, amid complaints from customers saying they have been waiting for weeks to receive their orders.
Liquidators from Wexted Advisors are seeking “urgent” expressions of interest for the business and its assets, according to the
According to a notice on the Mon Purse website, the business’ online store is undergoing “scheduled maintenance” and its made-to-order range is “temporarily unavailable due to the current effects of COVID-19”.
A number of customers have taken to the brand’s Facebook page in recent weeks to complain about orders not being fulfilled, with some saying they have been unable to contact the company.