- Business
- Cettire Limited (ASX:CTT) operates as a global online luxury fashion retailer, offering an extensive selection of personal luxury goods through its platform cettire.com; core products encompass clothing such as activewear, coats, jackets, jeans, knitwear, and pants; shoes and footwear; bags and handbags; accessories including jewelry, sunglasses, and belts; from over 2,500 luxury brands and 500,000 products featuring designers like Gucci, Prada, Saint Laurent, Balenciaga, Valentino, Alexander McQueen, Off-White, Fendi, and Zegna. The company, founded in 2017 by Dean Mintz and headquartered at Level 40, 140 William Street, Melbourne, Victoria 3000, Australia, primarily generates revenue from the United States with additional contributions from Australia, Europe, emerging markets including China, and 56 active markets worldwide; it serves affluent consumers seeking discounted high-end fashion for men and women via direct-to-consumer e-commerce supported by proprietary storefront software, mobile apps, and a global supply chain with over $1.2 billion in available inventory. Recent developments include expansion into China launched in June 2024 following a strategic partnership with JD.com for market entry, logistics, and traffic growth; a commercial agreement with Italian fashion house Zegna signed in December 2022 to broaden assortment; extension of its Klarna partnership to selected European markets including the UK; entry into the S&P/ASX 300 index in September 2025 amid rapid growth in emerging markets now comprising 37% of revenues with 32% year-over-year increase; H1 FY25 results showing adjusted EBITDA of $12.1 million, 18% delivered margin, and net cash of $101 million; Q1 FY26 trading update with sales revenue of $150.3 million and adjusted EBITDA of $2.5 million despite sector volatility; alongside substantial director share acquisitions by founder Dean Mintz totaling over 10 million shares in September 2025 valued at $5.45 million and performance rights issuance of 22.9 million in November 2025, reflecting confidence in ongoing scaling, technology investments, and profitable growth strategies.