Embattled retailer with ties to Montréal tech set to shutter stores on May 18.
UCG Canada Holdings (UCG)—which does business under the name of clothing seller Frank And Oak—is set to close all of its stores and sell its brand, marking the end of an era for a former heavy-hitter in Montréal’s retail tech scene.
In the filing, the company said that it faced significant financial difficulties and couldn’t fund ongoing operations.
The company is being sold to 70-year-old Montréal hosiery manufacturer Lamour Group, as well as Saint-Laurent, Que. company Thread Collective, whose brand portfolio includes Bebe and Hurley. The Frank and Oak brand will continue on under new ownership, the…
