Luxury retailer Cosette to hold 80 per cent sale as it closes Sydney warehouse after 10 years
A luxury Australian retailer will hold a massive 80 per cent off sale after it announced it would cease operations after over a decade in business.
Cosette, which sells pre-owned and authenticated luxury items at a discounted cost, made the shock announcement on social media and its website.
‘For more than 11 years, Cosette has been proud to offer our customers access to some of the most sought-after pieces at significant savings,’ the statement said.
‘Unfortunately, the market has changed and we – rather than our mission to make luxury more affordable, every day – were sometimes the story.
‘So, after careful consideration, we have made the decision to close the Sydney warehouse and operations in the near future.
‘Our heartfelt thanks for your support and being part of Cosette over the years.’
The company is not going into administration or liquidation.
Customers can shop brands such as Balenciaga, Valentino, Chloe, Celine, Prada, Burberry, Gucci and Saint Laurent for up to 80 per cent off.
A luxury Australian retailer will hold a massive 80 per cent off sale after it announced operations will cease after over a decade in business
Cosette, which sells pre-owned and authenticated luxury items at a discounted cost, made the shock announcement on social media and its website
Cosette was cleared by NSW Fair Trading in October 2024 after an investigation found there was no evidence to support 1,000 claims it had sold fake handbags
The company said there will be limited quantities for a short time, and all bags are priced to clear and will not be restocked.
Cosette was cleared by NSW Fair Trading in October 2024 after an investigation found there was no evidence to support 1,000 claims it had sold fake handbags.
NSW Fair Trading confirmed that over 1,000 complaints were thrown out officers worked directly with European luxury brands to test the authenticity of the items.
Those brands included Prada, Saint Laurent, Gucci, Burberry and Balenciaga.
Cosette had consistently denied claims it sold fake designer products.
‘Our investigation found no evidence to support allegations that the designer handbags sold by Cosette are fake – each item was tested and verified as authentic by the brand,’ a NSW Fair Trading spokesperson told Daily Mail at the time.
‘In some instances, the luxury brand confirmed the authenticity of handbags that multiple online authenticators had advised customers were fake.’
The regulatory body warned customers to be wary of online authenticators.
‘The investigation highlights that there are significant issues with the accuracy and reliability of online authenticators, who use AI and algorithms to provide authentications,’ the spokesperson said.
The clearing of Cosette’s name comes as a customer’s claim against the company was thrown out at a separate tribunal in 2024.
Cosette was taken to the NSW Civil and Administrative Tribunal (NCAT) by customer Yi Feng Percival who was initially refunded for a Saint Laurent Lou camera bag.
The NCAT had ruled that an authenticator had deemed the bag – which retailed for $2,550 – was a fake.
But Cosette successfully appealed the decision and the customer was ordered to pay the refund back to the luxury brand.
