Cettire chairman Bob East says the sale of $127 million in shares by the luxury online retailer’s chief executive, Dean Mintz, was unrelated to questions raised about the company’s customs duties payments.
Mr East, the former chairman of Tourism Australia, said Mr Mintz had sold the shares during an open trading window, and not because The Australian Financial Review had asked the company to explain whether it had failed to pay customs duties on $1300 worth of goods on March 1.
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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
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
