Cettire has denied media speculation around a potential sale of sales by founder and CEO Dean Mintz.
The online luxury marketplace issued a statement concerning an article published in The Australian yesterday.
“The Board has been informed by Mr Mintz that this speculation is unfounded and that he does not have any intention to sell shares in the Company at the current time,” the statement read.
In a recent trading update, CEO Dean Mintz said the business is growing at a faster rate in the second half of the financial year.
“Cettire continues to demonstrate exceptional operating momentum, with revenue growing at a faster rate than in H1 FY23,” Mintz said.
“It is particularly pleasing to see the Company’s localisation strategy is delivering results, with revenue from its emerging markets outpacing the Group.
“The revenue growth acceleration in April was underpinned by further growth in repeat customer revenue and an acceleration in growth in active customers.
“Cettire is rapidly growing share in a large and growing global market, which benefits from the structural shift to online.”
In late March this year, Accent Group Limited responded to a media article by The Australian which rumoured that the company planned to sell Glue Store, noting it had “no intention” of doing so.