CETTIRE, an online luxury fashiondestination, has been making...

CETTIRE, an online luxury fashiondestination, has been making waves in the industry. Let’s delve into some keypoints about CETTIRE and its relationship with LVMH:

1. CETTIRE Overview:

• Luxury Fashion: CETTIRE offers a curated selection of luxury fashion items from over 500 designers, including renowned brands like Prada, Gucci, Saint Laurent, Balenciaga, and Valentino¹.
• Product Range: They cater to women, men, and kids, ensuring a wide audience.
• New Arrivals: CETTIRE introduces over 100 new arrivals regularly, keeping their offerings fresh and exciting.

Impressive Performance:

• Revenue Growth: In the year ending June 2023, CETTIRE’s gross revenue soared by 87%, reaching $539.2 million. Sales revenue achieved an even more remarkable increase of 98%, amounting to $416.2 million².
• Repeat Customers: CETTIRE attributes its success to a 63% rise in active customers, now totaling 423,000. Repeat customer purchasing patterns and higher average order values contribute significantly to their strong performance².

LVMH’s Interest:

• LVMH, the French luxury conglomerate, has been making strategic moves. They recently acquired Tiffany & Co. in a deal worth $15.8 billion.
• While there hasn’t been an official announcement regarding LVMH’s acquisition of CETTIRE, it’s an exciting development to watch out for. LVMH’s interest in CETTIRE could further strengthen the online luxury retailer’s position in the market and open up new growth opportunities.

In summary, CETTIRE’s remarkable growth and LVMH’sstrategic focus make this a fascinating story in the luxury fashion world!