Cettire has warned trading will remain soft and its auditor is yet to sign off on its accounts, sending shares in the online fashion retailer more than 20 per cent lower.
The company, a former market darling which has polarised investors, had already flagged that earnings for the 12 months to June 30 would be 20 per cent below market expectations, triggering a 50 per cent plunge in the shares two months ago.
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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
