Frank and Oak closing all retail stores including these Toronto locations

If you're looking for a deal on new clothing, this Canadian fashion retailer might be the place to look, given its future.

Montreal-based Frank and Oak is closing all 14 of its retail stores in Ontario, Quebec, and BC and selling its intellectual property, according to new court documents. The news comes just three months after Frank and Oak filed for creditor protection with around $71 million in debt.

In a document posted online, Frank and Oak's parent company, UGC Canada Holdings Inc., stated that on April 15, the Superior Court of Quebec approved a motion for the sale of certain assets, an authorization to proceed with the liquidation process, and other orders. 

Now, UGC Canada Holdings Inc. will be liquidating the company's inventory (including furniture, fixtures, and equipment) across all brick-and-mortar stores. As a result, three Toronto locations, including those at The Well (486 Front St.), Queen West, and the Eaton Centre, will be shuttered.

Court documents show Frank and Oak's liquidation sale will be held over "a period of approximately seven weeks," and end on May 31, 2025. "In our view, the Liquidation Sale is appropriate under the circumstances and represents the best option to maximize the realization of the Company's assets," read the documents.

Founded back in 2012 with the goal of delivering fashionable and sustainable clothing, Frank and Oak has had a tough couple of years, including the first filing for creditor protection back in 2020. At the time, the brand stated it was dealing with pandemic-related financial challenges.

In a post shared to its social media, Frank and Oak released a statement saying, "It is with heavy hearts that we're announcing the closure of all our stores by May 18, 2025, due to a restructuring of our business."

It continued to state that the brand is "not going away" and promises new chapters ahead. "Thank you for everything. We're truly grateful to share this time with you," finished the brand's statement.