Inside the AFR investigation into luxury’s grey market

This week on The Fin podcast, Jonathan Shapiro and Carrie LaFrenz take us inside their shopping experiment and talk about what happens in the luxury grey market and why investors are so polarised when it comes to the high-end retailer, Cettire. Further reading: Cettire’s Texas hold ’em reveals questions about the value of luxury The red-hot ASX-listed retailer appears to have one figure for customs and another for customers when it comes to its products. The market battle over secretive e-commerce play Cettire There’s smart money on either side of the Cettire trade. But there remain unanswered questions about its closely guarded business model. We spent $1300 shopping at Cettire. Here’s what happened It’s the buzziest stock on the ASX, thanks to “eye-watering” sales and wide margins. Customer reviews aren’t all so glowing. What’s behind the success?See omnystudio.com/listener for privacy information.