Overview
- Cotton On said reports that its Asia stores are closing were incorrect, following a Government Gazette notice that placed Cotton On Asia under members’ voluntary liquidation.
- The company said the liquidated entity, Cotton On Asia Pte Ltd, is an inactive holding company that has never operated stores or employed staff.
- PwC Singapore was appointed as liquidator at an extraordinary general meeting held by video teleconference, according to the official notice.
- Operations in the region remain in place, with the website still listing over 30 stores in Singapore across Cotton On, Cotton On Body, Cotton On Kids, Typo and Rubi.
- Creditors were told to submit any claims to the liquidators, which is part of the standard wind-down process for a company.