US EditionApparel brand Oak + Fort to restructure amid tariff woes
- Vancouver-Based Oak and Fort Corp., a Canadian clothing retailer with 42 stores, was granted court protection under the Companies' Creditors Arrangement Act in early June 2025.
- The company attributed its financial distress to an ill-planned store expansion and increased costs from U.S. tariffs on Chinese imports amid missed rent payments at the end of May.
- Oak and Fort opened 26 new stores recently, reported a $10.6-million net loss for the year ending March 2024, and owes over $25 million to creditors, including secured debts to major lenders.
- Senior management indicated that shifts in U.S. Trade policies involving tariffs have led to higher costs related to supply chain and imports, noting that the company obtains 68% of its products from China.
- The company plans to restructure operations, maintain stores and e-commerce, seek financing, and engage Reflect Advisors LLC, aiming to overcome financial difficulties with additional time and funding.
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Winnipeg Free Press+22 Reposted by 22 other sources
Apparel brand Oak + Fort to restructure amid tariff woes
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Oak and Fort Corp. et al: Chapter 15 Petition (Canada) - OffshoreAlert
Chapter 15 Petition for the Recognition of a Foreign Main Proceeding in Canada by Noah Goldstein, of KSV Restructuring Inc., as the Foreign Representative of Oak and Fort Corp., NYM Merger Holdings LLC, Oak and Fort California LLC, Oak and Fort Entrerprise (U.S.) Inc., Oak and Fort US Group Inc., and 1282339 B.C. Ltd., collectively described as “a specialty retailer based in and managed from Vancouver, British Columbia, which offers a broad rang…
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