Cotton On is one of Australia’s biggest success stories growing from stores in Australia to a huge presence world wide. As a privately run company, it’s financial position has been kept pretty well under wraps with little known about how it’s performing overall.
Cotton On is run by Nigel Austin, a now billionaire from Geelong who was not always that wealthy starting his business from the boot of his car. His humble beginnings began with selling denim jackets at Beckley Market in Geelong.
From here, Nigel Austin grew bigger to create Cotton On which stocks a huge range of complete clothing options and styles including jumpers, shirts, jackets, shoes, sleepwear and accessories. They now have 600 stores in Australia and have expanded into many overseas territories.,
Under the Cotton On banner are a number of other brands including Typo which specialises in Stationary, Rubi for shoes and Factorie for young fashion.
The financials of the business was always kept quiet but the company has lodged financial documents with the corporate regulator ASIC recently and these details have provided some insight into the companies financial position.
The key figures show were that Cotton On group earned $1.2bn in revenue with a profit before tax of $300m. It also showed that a lot of income came from Asia with $275 million from the region.
For savings when you shop at Cotton On, use a Cotton On promo code for your purchase.