Top-Performing Global Luxury Stock Seen Cooling After 680% Gain
- Cettire’s business model faces supply headwinds: Bernstein
- Post-pandemic shopping habits may shift for luxury goods
Shares of an Australian luxury e-commerce firm that’s surged nearly 680% this year thanks to stay-at-home shoppers could cool on supply concerns and as global lockdowns end, analysts said.
Cettire Ltd. is an online retailer that buys wholesale high-end goods like hand bags and heels from Europe and resells them at a big discount to shoppers in the U.S., Australia and elsewhere. Its brands include LVMH Moet Hennessy Louis Vuitton SE’s Fendi and Kering SA’s Gucci.