Company first sought creditor protection in 2020 as pandemic hit retail sector hard
CBC NewsJenna BenchetritMontreal-based retailer Frank and Oak has filed for creditor protection for the second time this decade, seeking relief from $71 million in debt.
The sustainable fashion brand filed for creditor protection just before the Christmas holiday, according to Le Journal de Montréal, which first reported the news on Monday. It has been owned by New York-based fashion firm Unified Commerce Group (UCG) since 2020.
As Frank and Oak's creditors, UCG and Desjardins are owed $55.5 million, and the company owe…
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