A notice published in the Government Gazette on Mar 30 revealed that Cotton On Asia had been “placed under members’ voluntary liquidation”, leading many to believe that the fashion retail brand was exiting Asia.
The next day, the brand said it had no plans to leave the region, adding that the liquidated entity was an inactive holding company that was no longer required. A company spokesperson said the entity “does not and has never operated any stores or employed team members”, and that the move had “no impact on customer, team, stores, suppliers or operations within the Asia region”.
Cotton On is a global fashion and lifestyle retailer with eight brands across 20 countries and 1,300 stores. Its brands include Cotton On, Cotton On Body, Cotton On Kids, Typo and Rubi.