NATIONAL: Collapsed fashion house Monti Australia has re-entered the ragtrade - with some burnt creditors footing the bill.
Fabric firm Montgomery Textiles and several other suppliers are believed to have help fund the new fashion house, dubbed the LYF Group, founded by the former owners of Monti husband-and-wife team Yuval and Leisa French.
It is understood the new group launched less than three weeks after the October collapse of Monti which sank beneath a debt of more than $10 million.
In all 227 creditors are owed more than $10.2 million by Monti, which was responsible for brands including Monica, Carbon and Club Capri.
For more pick up a copy of Ragtrader's January 16, 2009 edition - on newstands from tomorrow.