An Australian luxury retailer, Cosette, has revealed it will cease operations after more than a decade in business, prompting a massive clearance sale with discounts of up to 80 per cent. The company, known for selling pre-owned and authenticated high-end items at reduced prices, made the unexpected announcement via its social media channels and official website.
End of an Era for Luxury Resale
In a statement, Cosette expressed pride in its 11-year history of providing customers with access to coveted luxury pieces at significant savings. The company highlighted its mission to make luxury more affordable on a daily basis, but noted that changing market conditions had shifted focus away from this goal. After careful deliberation, the decision was made to close the Sydney warehouse and wind down operations in the near future.
Final Sale Details
Cosette is not entering administration or liquidation, but is instead conducting a final sale to clear inventory. Shoppers can take advantage of steep discounts on a wide range of brands, including Balenciaga, Valentino, Chloe, Celine, Prada, Burberry, Gucci, and Saint Laurent. The sale offers up to 80 per cent off on these luxury items, providing a last opportunity for bargain hunters.
The company extended heartfelt thanks to its customers for their support over the years, acknowledging their role in Cosette's journey. Further updates on the closure timeline and sale specifics are expected to be released as the process unfolds.
