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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
Carrie LaFrenzSenior reporter
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It has been a tremulous past week for luxury selling platform Cettire.

News of another share sale by founder and chief executive Dean Mintz – which saw him pocket $127 million and reduced him to a 30 per cent stake – came ahead of publication of The Australian Financial Review’s shopping experiment that posed questions about duties payment in Australia.

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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
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    Original URL: https://www.afr.com/companies/retail/will-this-model-keep-working-for-fashion-darling-cettire-20240308-p5faxi