Cotton On Asia Enters Liquidation, 30+ Singapore Stores to Close
Cotton On Asia, the regional arm of the Australian fashion retail giant, has been placed into voluntary liquidation. Shareholders approved a resolution to wind up the business at an extraordinary general meeting on March 25, with liquidators from PwC Singapore officially appointed, as announced in a Government Gazette notice on March 30. Despite the liquidation of the Cotton On Asia entity, the parent Cotton On Group has clarified it has no plans to exit the Asian market. The company stated that the liquidated entity did not directly operate its retail stores. The move is presented as a corporate restructuring rather than a withdrawal from the region. The liquidation will, however, have a significant impact on the retail landscape. Reports indicate that approximately 30 to 37 Cotton On Group stores in Singapore, encompassing its brands like Cotton On, Cotton On Body, Cotton On Kids, Typo, and Rubi, are linked to the process and are set to close. The company, which entered Singapore in 2007, faces challenges from high operational costs and a difficult retail environment that pressures volume-based businesses.
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Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST ... SINGAPORE: Cotton On Asia, the regional arm of Australian fashion retail giant Cotton On Group, has been placed under members’ voluntary liquidation, according to a notice ...
Cotton On Asia is set to close, according to a notice published in the Government Gazette on March 30. In the notice, Cotton On Asia stated that at an extraordinary general meeting held via a video teleconference call on March 25, liquidators from PwC Singapore were appointed to wind up the ...
Cotton On says no plans to exit Asia; liquidated Asian entity does not operate stores - CNA
Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST ... CNA Explains Budget 2026 artificial intelligence China Indonesia Malaysia podcasts Wellness Thailand Japan ... CNA Explains Budget 2026 artificial intelligence China Indonesia Malaysia podcasts Wellness Thailand Japan ... “Cotton On Asia Pte Ltd, the liquidated ...
Cotton On Singapore Faces Major Shake-Up As 37 Stores Linked To Liquidation Notice
Additionally, operational costs ... like Cotton On, which rely on volume sales and competitive pricing, maintaining profitability in such an environment can be difficult. At this stage, there has been no official confirmation that all 37 stores will shut permane...
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