SINGAPORE – Cotton On Asia is set to close, according to a notice published in the Government Gazette on March 30.
In the notice, it stated that at a extraordinary general meeting held via a video teleconference call on March 25, liquidators from PwC Singapore were appointed to wind up the business.
Checks on the Accounting and Corporate Regulatory Authority website showed that Cotton On Asia, which is listed as a holding company, is under liquidation. A second entity, Cotton On Singapore, is still operating as a retail business providing clothing for adults.
Cotton On Asia is part of the Cotton On Group, an Australian fashion and lifestyle retailer founded in 1991 by Mr Nigel Austin.
The brand opened its first store in Singapore at…