Business
Mon Purse to be reborn after COVID travel ban causes collapse – Sydney Morning Herald
Handbag seller Mon Purse will be reborn as an online-only retailer by a bevy of new and old investors after an oversupply of travel bags led to the company’s demise….
Supply chain difficulties and the closure of Myer stores in March, where Mon Purse ran a number of concessions, also contributed to the business failure.
Mon Purse was founded by entrepreneur Lana Hopkins in 2014 and allows buyers to design and monogram their own leather bags. Ms Hopkins is no longer involved with the business, having left in 2018. It is now run by former chief operating officer Andrew Shub.
In its early days, Mon Purse was a popular startup, striking deals with British and US fashion…
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