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Westpac to recover bulk of funds in Sargon collapse Share Westpac will get the lion’s share of leftover money from the sale of a handful of assets which operated under the Sargon umbrella following the collapse of the formerly Phil Kingston-run financial technology business. More than a year after the collapse of Sargon following a loan repayment demand from China state-owned finance company Taiping Trustees, and nearly a year since proceedings got under way in the Federal Court of Australia, Justice Michael O’Bryan ruled Westpac is entitled to 65.5 per cent of retained proceeds from cert...

Australian luxury fashion retailer Mon Purse has entered liquidation, after it struggled throughout the COVID-19 economic recession. The high-end handbag company, founded in 2014 by former advertising sales executive Lana Hopkins, appointed liquidators Wexted Advisors earlier this week and immediately stopped trading. Mon Purse customers had complained on social media about orders not being delivered due to supply chain problems that stemmed from the pandemic. READ MORE:  Mon Purse founder Lana Hopkins.(Pat Scala) According to the Mon Purse website, its online store is undergoing "schedule...

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 We...

High-end leather accessories label Mon Purse is the latest business to collapse under the economic strain of COVID-19.  Mon Purse, founded six years ago by fashion entrepreneur and former advertising sales executive Lana Hopkins, appointed liquidators from Wexted Advisors earlier this week and immediately ceased trading.  The customisable handbag company extended its leather goods line to include wallets, passports, phone cases and totebags, giving customers more than 10 million design options to create their own personalised looks.  The popular high-end customisable leather goods brand Mo...

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 si...