Canadian fashion retailer Oak + Fort has announced that it is undergoing a business restructuring process after securing creditor protection. The Vancouver-based brand cited rising U.S. tariffs, coupled with broader economic pressures, as key factors behind its current financial struggles.
In recent years, Oak + Fort aggressively expanded its physical footprint, opening 26 new stores across Canada and the United States over the last four years. However, the company admits that this rapid expansion came at a cost—diverting resources away from necessary investment in its e-commerce operations.
Now grappling with lower consumer confidence and decreased spending, the company has found itself burdened by these decisions. According to court filings, Oak + Fort owes more than $25 million to various creditors, including landlords who reportedly did not receive rent for May.
Despite these setbacks, the company has assured customers and stakeholders that it will continue running both its physical retail stores and its online business throughout the restructuring period. To help navigate the process, Oak + Fort has engaged restructuring consultancy Reflect Advisors LLC.
Founded in 2010 as a digital boutique, Oak + Fort grew into a popular brand with 42 stores across North America. Known for its minimalist approach to womenswear, menswear, accessories, jewelry, and home goods, the brand now faces a pivotal chapter as it works to stabilize operations and adapt to new market realities.
This news was originally reported by The Canadian Press on June 7, 2025.
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