Frank and Oak to Close All Stores, Sell Intellectual Property

Frank and Oak to Close All Stores, Sell Intellectual Property
Pictures of the Frank and Oak store, located at 735, Queen Street West, in Toronto, on June 8, 2016. The Canadian Press/Eduardo Lima
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Clothing retailer Frank and Oak is closing all 14 of its stores in the coming weeks and selling its intellectual property to a Montreal-based company as part of ongoing restructuring efforts.

In a press release, the company says the Superior Court of Quebec approved the sale of the brand to Lamour Group and Thread Collective Inc.