Ann: Cettire Confirms China Launch, Provides FY24 Update, page-199

So many misinformed people on this forum with no idea how the grey markets operates.

The second tier brands need to grey market survive. The first tier thrive in grey market

EG Hublot, Kenzo, Baleciaga. These type of second tier luxury brands all sell for steep discounts on grey market.

LV, Hermes, Roes - you can’t buy most of their prized items in a store, most items sell for a premium in grey market

Excess inventory is great for Cettire, means more cheap discounted stock for us to sell. Cettire specializes in the second tier brands, this is our niche and how we print money. First tier brands tightly control their inventory, not second tier.

$1b a year growing at 80% YOY profitable, that excludes China new revenue as well, which will be massive in itself. Far fetch are about to go bankrupt for a second time, then Cettire is the biggest luxury e seller in the world.

Major shareholders keep buying on market, says it all… the fact CTT is almost the most shorted stock is amazing, PLS held that mantle and went on multiple runs of a lifetime creating generational wealth.

CTT is next.