Farr-Jones says luxury retail has been slow to move online because it has traditionally focused on providing wealthy customers with a “white glove in-store experience”. Today, about 22 per cent of the luxury market is online, but the portfolio manager says that is expected to grow to 30 per cent by 2025. It’s for this reason that Regal is “very bullish about the market that [Cettire is] operating in”. So far, the fastest increase in borrowing costs in a generation has not appeared to hurt big spenders. Cettire’s sales are up 122 per cent over the first four months of…