SINGAPORE – Cotton On has no plans to exit the Asia region, the retail company said in a statement released on March 31.
A Cotton On spokesperson said: “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.”
The statement added that Cotton On Asia, the liquidated entity, does not and has never operated any stores or employed team members. It was an inactive holding company that is no longer required.
“This has no impact on customers, teams, stores, suppliers or operations within the Asia region,” Cotton On said.
A notice published in the Government Gazette on March 30, stated that Cotton On Asia was to…