Investment banking brokers were left divided at the weekend after an earlier-than-expected update from Cettire, the luxury clothing marketplace under intense market scrutiny, showed an 88 per cent rise in sales for the three months to March 31.
Cettire – which has faced scrutiny over it tax and duty payments – also revealed its anticipated launch into China was weeks away while confirming it paid $17.1 million of tax to United States authorities in nine months.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
