ASX Announcements
Notification of cessation of securities - CTT
Appendix 3H (Notification of cessation of securities)
- Apr 8, 2024
- 4 pages
This Month
Cettire founder makes rare appearance to talk up retailer’s growth
The luxury goods marketplace has been under considerable investor pressure with questions over some of the company’s duty and tax payment practices.
- Carrie LaFrenz
April
One of Cettire’s most prominent backers has sold out entirely
LHC Capital was talking up the ASX-listed luxury retail platform’s prospects a few months ago. Now it has told investors it has sold out.
- Joshua Peach
Brokers split on Cettire despite surge in sales this year
Two of the four investment bank analysts following the luxury clothing marketplace have lowered their share price forecasts this year after an update last week.
- Jonathan Shapiro and Carrie LaFrenz
Surge in Cettire sales fails to win over investors
The embattled online luxury retailer surprised the market with the early release of quarterly sales numbers, but they failed to stir the share price.
- Jonathan Shapiro
Cettire admits to tax queries from Texas authorities
But it says that the issue has been resolved. The luxury fashion marketplace has since March been under intense investor scrutiny over its business model.
- Jonathan Shapiro and Carrie LaFrenz
Cettire shares slide 16pc on Bell Potter downgrade
The company’s house broker said the luxury marketplace would continue to outperform peers, but it would be harder for it to generate high growth.
- Updated
- Carrie LaFrenz and Jonathan Shapiro
March
Why investors either love or hate online luxury retailer Cettire
This week on The Fin podcast, Jonathan Shapiro and Carrie LaFrenz take us inside their shopping experiment and talk about why Cettire is so polarising.
- Opinion
- Shares
The market battle over secretive e-commerce play Cettire
There’s smart money on either side of the Cettire trade. But there remain unanswered questions about its closely guarded business model.
- Jonathan Shapiro
- Updated
- Retail
Cettire overhauls duties and returns policy to allay wary investors
The company will no longer disclose what customs charges are owed on goods at its online luxury marketplace, and has streamlined other customer features.
- Carrie LaFrenz and Jonathan Shapiro
WAM loads up on Cettire, likening the ‘noise’ to Afterpay
The fund manager has bought shares in the online retailer every day over the past week amid a broader bullish call on the ASX’s consumer discretionary sector.
- Alex Gluyas
Cettire defends CEO’s $127m share sale ahead of stock slump
Dean Mintz offloaded the stake in the luxury retailer after questions were raised about the company’s customs duties. He remains the largest shareholder.
- Carrie LaFrenz and Jonathan Shapiro
- Analysis
- Bulls & bears
Will this model keep working for fashion darling Cettire?
Share sales by the founder, opaque operations and a ballooning valuation: the luxury platform remains controversial with investors.
- Carrie LaFrenz
The industry still struggling post-COVID; How to avoid burnout; A GDP slump we had to have?
This week, James and Anthony ask if Australia’s weak economic growth even matters, reveal top hacks for dodging burnout, and ask why the private health system seems sick.
Cettire struggles to convince sceptical markets as shares fall 14pc
The luxury retailer – in an investor call and statement – said it had a direct arrangement to pay duties after questions were raised about its practices.
- Jonathan Shapiro and Carrie LaFrenz
- Opinion
- Chanticleer
Cettire should learn from its reality check
The luxury retailer needs to learn that a rapidly rising share price attracts rising scrutiny and rising scepticism.
- James Thomson
- Investigation
- Retail
We spent $1300 shopping at Cettire. Here’s what happened
It’s the buzziest stock on the ASX, thanks to “eye-watering” sales and wide margins. Customer reviews aren’t all so glowing. What’s behind the success?
- Jonathan Shapiro and Carrie LaFrenz
Cettire founder Dean Mintz sells 7.2pc via Barrenjoey
Dean Mintz, the founder of discount luxury retailer Cettire, was selling 7.2 per cent of the company on Friday evening.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
- Opinion
- Retail
Online winners and losers emerge as Amazon, Temu and Shein ramp up
Domestic marketplaces have been hit hardest by Amazon’s expansion and the arrival of new players, Temu and Shein.
- Sue Mitchell
Luxury marketplace Cettire looks to China as first-half sales soar
The company says demand for Tom Ford and Gucci fashion and accessories remains healthy, with first-half sales up 89 per cent. The stock surged 25 per cent.
- Updated
- Carrie LaFrenz
December 2023
How Regal is making money in small caps when others are failing
James Sioud is among the youngest portfolio managers in Australia. He works alongside Phil King and Todd Guyot in a fund that is more than beating the market.
- Sarah Jones