Cotton On informed BusinessToday that it remains focused on Asia after reports appeared yesterday regarding its presence in the region, following news of the liquidation of a subsidiary entity.
The company issued a formal statement today clarifying that Cotton On Asia Pte Ltd, the entity currently undergoing liquidation, was merely an inactive holding company. The retailer emphasiz=sed that this administrative move has zero impact on its retail footprint, workforce, or supply chain in the region.
The clarification comes in response to a report BusinessToday carried on the liquidation of Cotton On Asia Pte Ltd .
However, Cotton Oncategorically denied these claims, labeling the information as incorrect.
The company reassured stakeholders that the liquidation is a routine corporate housekeeping matter and does not reflect the financial health or strategic direction of its active retail operations.
Cotton On confirmed that all customers, team members, and suppliers remain unaffected. The brand continues to operate its extensive network of stores across Asia, including its primary markets in Singapore, Malaysia, and Thailand.
