Australia's Cettire at three-year low; flags market volatility from US tariffs

Cettire

12/06/2025 01:51

** Shares of Australia's Cettire CTT.AX fall about 27% to A$0.34, hitting lowest level since June 14, 2022

** The stock was set for its biggest single-day drop since June 2024

** The luxury retailer flags continued challenges in the global market, amplified by U.S. tariff policy changes

** Says co experienced weaker demand in established markets during April-May season, notably in the U.S.

** Adds that it sees opportunity to improve delivered margin percentage through less promotional intensity and fulfilling cost efficiencies

** Stock down 75.8% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))