Frank and Oak to close nine stores by May 7 as it seeks buyer or investor
- Frank and Oak, an apparel retailer, will close nine stores by May 7 in Quebec, Ontario, and British Columbia.
- Financial difficulties led Frank and Oak to begin a legal process in December, including filing a notice of intention.
- COVID-19, supply chain issues, and the conflict in Gaza impacted Frank and Oak's profitability and inventory shipments.
- The company spokesperson, Elisabeth de Gramont, stated, "I did not have that information yet" regarding job losses.
- Frank and Oak is seeking an investor or buyer and the e-commerce business will continue, but no bids are announced.
20 Articles
20 Articles
Montreal-based Frank And Oak set to close 7 Quebec stores
Montreal-based fashion brand Frank And Oak will be closing seven of its stores in Quebec – and nine total across Canada, with others shuttering in Ontario and British Columbia by May 7. Court documents show the retailer has 150 employees, but when asked about how many will lose their job as a result of the […]
Frank and Oak to Close Nine Stores by May 7 as It Seeks Buyer or Investor
Apparel retailer Frank and Oak says it is closing nine stores across Quebec, Ontario and British Columbia by May 7. Court documents show the Montreal-based company has 150 employees, but when asked about how many will lose their job as a result of the closures, spokesperson Elisabeth de Gramont said she did not have that information yet. She says once the liquidation begins, all sales will be final, but the retailer’s e-commerce business will co…
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