Frank And Oak seeks creditor protection while Ricki's and Cleo shutter stores in retail shakeup | CBC News

Frank And Oak and Cleo, two Canadian fashion brands, have entered creditor protection as they face financial difficulties exacerbated by the pandemic. They aim to restructure their debts and explore strategic options, including potential sales. The brands, owned by the same parent company, are trying to secure their operations while dealing with rising costs and dwindling sales. Their situations highlight the challenges faced by many retailers in the current economic climate.