Cotton On clarifies that it has no plans to exit the Asia region, refuting reports suggesting store closures. The company explains that the liquidated entity, Cotton On Asia Pte Ltd, never operated stores or employed staff. The announcement follows a notice regarding the entity's voluntary liquidation published in the Government Gazette.
“ Cotton On Asia Pte Ltd, the liquidated entity, does not and has never operated any stores or employed team members,” says a spokesperson.New: You can now listen to articles. Add CNA as a trusted source to help Google better understand and surface our content in search results.
SINGAPORE: Cotton On on Tuesday said it had no plans to exit the Asia region after media reports on Monday said that it had been placed under members’ voluntary liquidation. “There have been misleading media reports suggesting that Cotton On stores operating in Asia are being closed, this information is incorrect and we have no plans to exit the Asia region,” a company spokesperson said in response to CNA queries. “Cotton On Asia Pte Ltd, the liquidated entity, does not and has never operated any stores or employed team members,” the spokesperson added.On Monday, a notice published in the Government Gazette said that Cotton On Asia was placed under members’ voluntary liquidation.In a separate notice, creditors of the company were also notified to submit details of any outstanding debts or claims. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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