Montreal-based retailer Frank and Oak to close all stores, sell intellectual property

The Canadian Press · The Canadian Press

· Posted: Apr 23, 2025 9:35 AM EDT | Last Updated: 35 minutes ago

Clothing retailer Frank and Oak is closing each 14 of its stores successful the coming weeks and selling its intelligence spot to a Montreal-based institution arsenic portion of ongoing restructuring efforts.

In a property release, the institution says the Superior Court of Quebec approved the merchantability of the marque to Lamour Group and Thread Collective Inc.

It says the Frank and Oak marque volition proceed on, but the archetypal firm entity UGC Canada Holdings Inc. is expected to record for bankruptcy and upwind down its operations.

Existing inventory volition beryllium liquidated, portion e-commerce income volition proceed for Canadian customers.

The caller operating institution volition look astatine options for the aboriginal of the Frank and Oak brand, which could see opportunities to relaunch successful prime markets oregon channels.

Frank and Oak filed a announcement of volition successful December, saying it faced fiscal difficulties owed to COVID-19 and proviso concatenation problems.