Cettire’s auditors have finally signed off on the account after a month of discussions, sending the online luxury retailer’s share price surging nearly 70 per cent, valuing the company at $850 million.
In August, Cettire alarmed investors after warning Grant Thornton had yet to sign off on its accounts, and had sought clarification about how and when it recognised revenues.
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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
