Latest news with #Cettire
Vogue Singapore
01-07-2025
- Entertainment
- Vogue Singapore
Here's how to style your swimwear this summer the Vogue way
Courtesy of The Mega Agency If you're in a Mamma Mia! state of mind—think twinkling blue waters, tousled beach hair, and chilled proseccos under the sun—then you're not alone. Whether it's a hidden beach in Capri or a yacht cruising along the Amalfi coast, the fantasy is vivid: days that melt into golden sunsets, a sun-kissed glow, and the perfect beach wardrobe to accompany all your summer adventures. But once you've found the perfect body armour deemed necessary for a 'hot girl summer', the question remains—how do you make your swimwear look good outside the clear blue waters? The answer: the right cover-ups. It's not just about what swimsuit you wear, but how you wear it. Do you keep things simple or playful? Minimal or layered? From breezy sarongs and oversized linen shirts to statement jewellery and chic scarves, the right styling can take your beachside fashion to a whole new level. Take a leaf from the book of the ones who do it best—aka our favourite celebrities. Because the unanimous verdict is: they're doing summer right. Like Bella Hadid's now iconic baggy jeans cover-up, think a basic black bikini top paired with baggy low-rise jeans and a silk headscarf—the right amount of cool for her time under the sun. And just when we thought we'd seen it all, Kylie Jenner stepped out in Venice for a pool day and gave us something entirely new to be obsessed with. And obsessed we are. Spotted at Jeff Bezos's and Lauren Sánchez's high-profile wedding, the reality TV star turned heads in a black latex string bikini styled with a matching crochet pencil skirt. Below, find Vogue Singapore's guide to taking your swimwear beyond the waters. @lalalisa_m 1 / 24 Sheer bliss A sheer dress is a must-have for a beach vacay, plus you can take it up a notch by pairing it with a bright coloured bikini for a pop of colour just like Lisa here. Courtesy of Cettire 2 / 24 Sheer bliss: Jean Paul Gaultier Marinère Mesh Striped Mini Dress, $475 Available at Cettire. Courtesy of Farfetch 3 / 24 Sheer bliss: Oséree Crystal-Embellished Bikini, $623 Available at Farfetch. Courtesy of Mytheresa 4 / 24 Sheer bliss: Celine Eyewear Triomphe Oval Sunglasses, $353 Available at Mytheresa. Courtesy of Net-a-porter 5 / 24 Sheer bliss: Loewe Paula's Ibiza Ola embellished Leather-Trimmed Raffia Shoulder Bag, $3,325 Available at Net-a-porter. Courtesy of Selfridges 6 / 24 Sheer bliss: Monica Vinader Deia 18ct Yellow Gold-Plated Vermeil Silver Earrings, $340 Available at Selfridges. @sophiagrainge 7 / 24 Breezy caftan If you've got a dinner by the beach lined up, follow Sofia Richie's lead and slip into a flowy caftan. Courtesy of NextSG 8 / 24 Breezy Caftan: Reiss Black/Cream Rae Colourblock Maxi, $656 Available at NextSG. Courtesy of Selfridges 9 / 24 Breezy Caftan: Hunza G Jean Striped Bikini Set, $295 Available at Selfridges. Courtesy of Mytheresa 10 / 24 Breezy Caftan: Jimmy Choo Bon Bon Small Embellished Raffia Tote Bag, $1,595 Available at Mytheresa. Courtesy of Selfridges 11 / 24 Breezy Caftan: Oma The Label Klassik 18ct Yellow Gold-Plated Brass Necklace, $108 Available at Selfridges. Courtesy of Farfetch 12 / 24 Breezy Caftan: Tory Burch Mini Miller Flip-Flops, $2 Available at Farfetch. @kyliejenner 13 / 24 Go full crochet When all else fails, you can count on crochet to hit the mark—just as Kylie Jenner does for a lazy pool day under the Venice sun. Courtesy of Mytheresa 14 / 24 Go full crochet: Anna Kosturova Crochet Cotton Bandeau Bikini Top, $108 Available at Mytheresa. Courtesy of Selfridges 15 / 24 Go full crochet: Claudie Pierlot Straight-Fit Sequin-Embellished Crochet-Knit Midi Skirt, $383 Available at Selfridges. Courtesy of Farfetch 16 / 24 Go full crochet: DeMellier The Maxi Santorini Raffia Tote Bag, $587 Available at Farfetch. Courtesy of Net-a-porter 17 / 24 Go full crochet: Fendi Rimless Oval-Frame Crystal-Embellished Gold-Tone Sunglasses, $715 Available at Net-a-porter. Courtesy of Mytheresa 18 / 24 Go full crochet: Kinto Leather Thong Sandals, $235 Available at Mytheresa. Courtesy of The Mega Agency 19 / 24 Denim core You don't need a sarong or a flowy dress as a beach cover-up if you own a pair of trusted baggy jeans. Take cues from Bella Hadid herself, who shows off her high-cut bikini bottoms with a pair of baggy low-rise jeans without forgetting to accessorise the look with a chic scarf. Courtesy of Farfetch 20 / 24 Denim Core: Amir Slama Bikini Set, $224 Available at Farfetch. Courtesy of Mytheresa 21 / 24 Denim Core: Citizens of Humanity Brynn Low-Rise Wide-Leg Jeans, $444 Available at Mytheresa. Courtesy of Cettire 22 / 24 Denim Core: Etro Etro Paisley Printed Scarf, $305 Available at Cettire. Courtesy of Net-a-porter 23 / 24 Denim Core: Chloé Woody Textured-Leather Tote, $2,758 Available at Net-a-porter. Courtesy of Selfridges 24 / 24 Denim Core: Nike Air Force 1 '07 Low-Top Leather Trainers, $183 Available at Selfridges.
Yahoo
23-06-2025
- Business
- Yahoo
Trump slump smashes major Aussie company
A brutal two-punch combo of Trump tariffs and inflation shocks is crushing the stock prices of major Australian fashion retailers, with luxury brand Cettire leading the dramatic slump. The company started off the year with a market capitalisation of nearly $600m, but a precipitous 81 per cent decline in its share price since January 2 value means it is now worth just $115m. Moomoo market strategist Jessica Amir warned 'serious alarm bells' were ringing about the survival of the company, which sells high-end products worldwide through its online platform. 'It's safe to say there are some serious questions about a potential receivership,' she said. In a trading update from June 12, Cettire announced just $500,000 in earnings for the financial year ending May 31, though sales revenues lifted 1.7 per cent to $693.8m. The company now has $45m left in cash, down from $79m in March. Cettire founder and CEO Dean Mintz blamed trade uncertainty around US tariff policy in part for the difficult trading environment. 'Recent results from luxury industry participants point to continued challenges in the sector, amplified by trade uncertainty surrounding US tariff policy,' he said. 'As a result, elevated promotional activity persists across the market.' While Cettire's share price is tanking, there are avenues the company could pursue to avoid any fall into administration, for example a capital raise or taking on a new debt facility. It is not the only ASX-listed apparel business to record a disturbing slump in value this year. Footwear retailer Accent Group has slumped 45 per cent, while KMD Brands, which sells the Kathmandu and Rip Curl brands, has tumbled 33 per cent. City Chic has retreated 26 per cent. At the start of the year, KMD was worth about $300m. Now it is worth less than $200m. Some of the retailers point to US President Donald Trump's tariff shock for creating additional challenges in their businesses. In a trading update from June 19, KMD estimated tariffs would strip about $1m in earnings from the company across the 2025 financial year. 'The (company) continues to closely monitor the fluid US tariff situation and it remains too early to estimate the impact on consumer demand in the US,' the company said. 'Given the uncertainty in the US market, agility remains the (company's) main priority heading into 2026.' In an update from May 5, City Chic has warned some 20 per cent of its revenue was generated in the US and 90 per cent of its products were sourced from China, a big target for tariffs. 'Due to the tariff situation and its potential impact on consumer demand, USA sales expectations have been reduced for FY26,' the company said. But global trade chaos is not the only pressure mounting on fashion stocks, Ms Amir cautioned. Rising oil and electricity prices are also eating away at consumer spending power. 'The things we're paying every quarter and every month are far higher than they were,' she said. 'Petrol costs are up markedly and that's because the oil price is up. 'It means you've got less money left over to buy things like a luxury designer handbag from Cettire, or that Rip Curl jumper. 'You might want to get out your needle and thread and sow up your Kathmandu. You're not exactly going to go out and buy another one.' The benchmark ASX200, which tracks the 200 largest companies on the Australian stock market, has advanced 3 per cent year-to-date.
Perth Now
23-06-2025
- Business
- Perth Now
Trump slump smashes major Aussie company
A brutal two-punch combo of Trump tariffs and inflation shocks is crushing the stock prices of major Australian fashion retailers, with luxury brand Cettire leading the dramatic slump. The company started off the year with a market capitalisation of nearly $600m, but a precipitous 81 per cent decline in its share price since January 2 value means it is now worth just $115m. Moomoo market strategist Jessica Amir warned 'serious alarm bells' were ringing about the survival of the company, which sells high-end products worldwide through its online platform. 'It's safe to say there are some serious questions about a potential receivership,' she said. In a trading update from June 12, Cettire announced just $500,000 in earnings for the financial year ending May 31, though sales revenues lifted 1.7 per cent to $693.8m. Luxury retailer Cettire is leading a slump in ASX-listed fashion stocks this year. Supplied Credit: Supplied City Chic has warned US tariff policies could impact its earnings. Supplied Credit: Supplied The company now has $45m left in cash, down from $79m in March. Cettire founder and CEO Dean Mintz blamed trade uncertainty around US tariff policy in part for the difficult trading environment. 'Recent results from luxury industry participants point to continued challenges in the sector, amplified by trade uncertainty surrounding US tariff policy,' he said. 'As a result, elevated promotional activity persists across the market.' While Cettire's share price is tanking, there are avenues the company could pursue to avoid any fall into administration, for example a capital raise or taking on a new debt facility. It is not the only ASX-listed apparel business to record a disturbing slump in value this year. Footwear retailer Accent Group has slumped 45 per cent, while KMD Brands, which sells the Kathmandu and Rip Curl brands, has tumbled 33 per cent. City Chic has retreated 26 per cent. Graphic Aussie Fashion Stocks - Jan 2-June 23 (2) At the start of the year, KMD was worth about $300m. Now it is worth less than $200m. Some of the retailers point to US President Donald Trump's tariff shock for creating additional challenges in their businesses. In a trading update from June 19, KMD estimated tariffs would strip about $1m in earnings from the company across the 2025 financial year. 'The (company) continues to closely monitor the fluid US tariff situation and it remains too early to estimate the impact on consumer demand in the US,' the company said. 'Given the uncertainty in the US market, agility remains the (company's) main priority heading into 2026.' In an update from May 5, City Chic has warned some 20 per cent of its revenue was generated in the US and 90 per cent of its products were sourced from China, a big target for tariffs. KMD Brands, which owns Kathmandu, has warned tariffs could strip out $1m in earnings for FY25. NewsWire / Gaye Gerard Credit: News Corp Australia 'Due to the tariff situation and its potential impact on consumer demand, USA sales expectations have been reduced for FY26,' the company said. But global trade chaos is not the only pressure mounting on fashion stocks, Ms Amir cautioned. Rising oil and electricity prices are also eating away at consumer spending power. 'The things we're paying every quarter and every month are far higher than they were,' she said. 'Petrol costs are up markedly and that's because the oil price is up. 'It means you've got less money left over to buy things like a luxury designer handbag from Cettire, or that Rip Curl jumper. 'You might want to get out your needle and thread and sow up your Kathmandu. You're not exactly going to go out and buy another one.' The benchmark ASX200, which tracks the 200 largest companies on the Australian stock market, has advanced 3 per cent year-to-date.
West Australian
23-06-2025
- Business
- West Australian
ASX-listed fashion retailers record brutal share price declines on Trump tariffs, inflation shocks
A brutal two-punch combo of Trump tariffs and inflation shocks is crushing the stock prices of major Australian fashion retailers, with luxury brand Cettire leading the dramatic slump. The company started off the year with a market capitalisation of nearly $600m, but a precipitous 81 per cent decline in its share price since January 2 value means it is now worth just $115m. Moomoo market strategist Jessica Amir warned 'serious alarm bells' were ringing about the survival of the company, which sells high-end products worldwide through its online platform. 'It's safe to say there are some serious questions about a potential receivership,' she said. In a trading update from June 12, Cettire announced just $500,000 in earnings for the financial year ending May 31, though sales revenues lifted 1.7 per cent to $693.8m. The company now has $45m left in cash, down from $79m in March. Cettire founder and CEO Dean Mintz blamed trade uncertainty around US tariff policy in part for the difficult trading environment. 'Recent results from luxury industry participants point to continued challenges in the sector, amplified by trade uncertainty surrounding US tariff policy,' he said. 'As a result, elevated promotional activity persists across the market.' While Cettire's share price is tanking, there are avenues the company could pursue to avoid any fall into administration, for example a capital raise or taking on a new debt facility. It is not the only ASX-listed apparel business to record a disturbing slump in value this year. Footwear retailer Accent Group has slumped 45 per cent, while KMD Brands, which sells the Kathmandu and Rip Curl brands, has tumbled 33 per cent. City Chic has retreated 26 per cent. Graphic Aussie Fashion Stocks - Jan 2-June 23 (2) At the start of the year, KMD was worth about $300m. Now it is worth less than $200m. Some of the retailers point to US President Donald Trump's tariff shock for creating additional challenges in their businesses. In a trading update from June 19, KMD estimated tariffs would strip about $1m in earnings from the company across the 2025 financial year. 'The (company) continues to closely monitor the fluid US tariff situation and it remains too early to estimate the impact on consumer demand in the US,' the company said. 'Given the uncertainty in the US market, agility remains the (company's) main priority heading into 2026.' In an update from May 5, City Chic has warned some 20 per cent of its revenue was generated in the US and 90 per cent of its products were sourced from China, a big target for tariffs. 'Due to the tariff situation and its potential impact on consumer demand, USA sales expectations have been reduced for FY26,' the company said. But global trade chaos is not the only pressure mounting on fashion stocks, Ms Amir cautioned. Rising oil and electricity prices are also eating away at consumer spending power. 'The things we're paying every quarter and every month are far higher than they were,' she said. 'Petrol costs are up markedly and that's because the oil price is up. 'It means you've got less money left over to buy things like a luxury designer handbag from Cettire, or that Rip Curl jumper. 'You might want to get out your needle and thread and sow up your Kathmandu. You're not exactly going to go out and buy another one.' The benchmark ASX200, which tracks the 200 largest companies on the Australian stock market, has advanced 3 per cent year-to-date.
The Age
22-06-2025
- Business
- The Age
Australia's luxury success story is running out of cash and Trump is to blame
As sales grew, so did its pile of cash in the bank. This sales model also means it holds no inventory, and only needs to ensure the logistics of moving the goods from supplier to customer, taking care of any taxes and duties and customer support. But the stock's 90 per cent plunge since last October, from a high of $2.75 to a low of 25¢ last week, indicates just how much Cettire investors – and management – were blindsided by the impact of the EU tariff threats on its business. In early April, Cettire's ASX announcement expressed caution over the tariff threat given that 41 per cent of its business relied on selling EU-based luxury goods to the US. Cettire noted at the time that its average order value remained under the $US800 ($1234) de minis exemption, which means it can ship goods to the US exempt from these duties anyway. The potential threat is that Trump has already introduced a tariff on these low-value parcels, which come under the de minis threshhold, from China. If he replicates this for low-value parcels from the EU, it would provide further disaster for Cettire. Loading But this is not a problem for now. So no one was prepared for the bombshell update just three weeks later which sent the share price plummeting. Cettire said it made an operating loss for the March quarter as the 'primary impact' of US tariff developments softening underlying demand across all geographies. Worryingly, it said this included items not subject to duties. Cettire said its focus remained on delivering profitability for the June quarter. But things got worse. Weeks before the end of June the company was forced to issue another profit downgrade due to a further softening of demand in its established markets such as the US. Topping it all off was its cash levels plunging more than $30 million in three months to just $45 million by the date of the June 13 announcement. RBC Capital cited this deteriorating balance sheet as a key concern given the accelerating losses. RBC analysts noted that Cettire had $101 million in cash on its balance sheet at the end of December. They estimate that $85 million of this was working capital, i.e. temporary cash that would have to be paid back to the retailer's luxury suppliers to cover outstanding debts. Loading According to RBC, Cettire may have had as little as $16 million at the end of 2024 which may now have been eaten away by operating losses and capital expenditure. 'This suggests to us there may already be limited/no surplus cash on hand beyond what is required to meet Cettire's obligations to suppliers,' RBC said. RBC and Bell Potter flagged the risk of a capital raise – with shares trading at record lows – as a real risk. Cettire's deteriorating financial health feeds into the debate over whether the controversial retailer's changing fortunes stemmed from cyclical trends impacting the industry or deeper structural issues. This includes the luxury brands tightening control of their retail sales channel and squeezing out players such as Cettire. It's not the only controversy that has dogged the group. Cettire has faced allegations that it may not have been paying the proper duties on goods it ships, and also collected duties it did not pass on to the relevant authorities. Cettire has denied this. E&P retail analyst Julian Mulcahy is not so glum about its funding despite forecasting that cash will decline again in June as sales are seasonally lower. 'While cash ex-working capital is currently negative, we believe the company has enough funding to ride out the cycle,' he says.
