Canadian clothing retailer Frank And Oak is set to close all 14 of its locations across Quebec, Ontario, and British Columbia, as well as transfer its brand rights.
This follows as the Superior Court of Quebec sanctioned the brand’s acquisition by Montreal-based Lamour Group and Thread Collective, reported The Canadian Press.
Go deeper with GlobalData
The company was founded in 2012 and has 150 workers.
On 15 April 2025, subsequent to a request from the debtor, the court granted an extension for the submission of a proposal and prolonged the stay period until 30 May.
Concurrently, the court approved several orders on that date. These orders sanctioned actions including: the divestment of specific assets; permission to carry out inventory liquidation in accordance with established protocols; a concordat with a service provider; and provision for an initial disbursement to be made to the secured creditor.
Frank And Oak is presently in the process of liquidation, leading to the definitive closure of its retail locations, with existing merchandise available at final clearance prices.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataDuring the period of this liquidation sale, Frank And Oak stores will continue to operate. Store closures are scheduled to commence over the next few weeks as part of this ongoing procedure.
The company said that its website will remain functional throughout the liquidation process. Nonetheless, product availability may be restricted, and all transactions conducted during this period will be considered Final Sale with no returns or exchanges permitted.
In December 2024, UCG Holdings Canada, doing business as Frank And Oak, submitted a notice of intent pursuant to the Bankruptcy and Insolvency Act to restructure citing economic challenges brought on by Covid-19 disruptions and supply chain issues.
Thread Collective markets a range of products across various retail levels, from budget-friendly mass market stores to upscale department stores, niche boutiques, and sports equipment outlets.
