Very reasonable take sabman. If you are correct on the following that could be a reason in itself:
"I don't see the slowdown in some luxury brands as a negative for Cettire - I see it as a potential positive. Luxury will still sell and it could have the effect of somebody tightening their belt and instead of buying through the official store, they can get the brand and save some dollars in the grey market. The brands themselves may even "farm" more products to the grey market meaning more sales to companies like Cettire."
I'm less certain about it - though.
@fatjoe, I'm not short CTT and to imply I am just because I am making observations is a bit low effort from you.
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