KUALA LUMPUR, April 1 — Australian fashion and lifestyle retailer Cotton On has dismissed reports that it is exiting Asia, clarifying that the liquidation of one of its entities, Cotton On Asia Pte Ltd, has no impact on its retail operations in the region.
The fashion and lifestyle retailer said Cotton On Asia is an inactive holding company that does not operate any stores or employ staff.
“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.
“Cotton On Asia, the liquidated entity, does not and has never operated any stores or employed team members. It was an…