@Msir, think you may have missed a critical element of the Cettire model? They do not produce any of this clothing/footwear. They have a >$1b of luxury goods available on the platform, none of which they pay to hold in inventory.
That you think the products are laughable is irrelevant, they are heading towards $1b of annual sales, so someone (more like many 10's of thousands of someones...) likes the value proposition of the products listed.
Argue the valuation, by all means, but clearly the product offering has a market - Eternalgrowth
Ann: H1 FY24 Appendix 4D and Financial Report, page-24
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