Cettire (ASX:CTT), the online luxury retailer, has drawn scepticism from some fund managers. In August 2026, Cyan Investment Management noted Cettire's headline adjusted earnings of $12.1 million, up sharply from about $300,000 a year earlier, excluded unrealised foreign exchange losses and other items, raising questions about earnings quality. In June 2026, Regal reported selling 10.6 million shares in Cettire over several days. Cettire operates in the Consumer Discretionary sector within the Specialty Retail industry, and Thesis Tracker has captured 11 comments from 6 fund managers, including Cyan and Regal. Founded in 2017 by Dean Mintz and headquartered in Melbourne, Cettire operates an online marketplace selling personal luxury goods, including clothing, shoes, bags and accessories from global designer brands, to customers in the US, Australia, Asia and other markets, using a capital-light model that sources inventory from boutiques and distributors only after orders are placed.