Montreal-based retailer Frank and Oak struggles with more than $70M in debt

Montreal-based retailer Frank and Oak is facing significant financial difficulties, with $70 million in debt reported. The company has struggled to adapt to changing consumer preferences and rising competition in the retail sector. This situation raises concerns about its future viability and the impact on employees and stakeholders. Experts suggest a thorough restructuring strategy is essential for the brand to regain stability and attract customers back to its stores.