Frank and Oak to close all stores, sell intellectual property

Pictures of a Frank and Oak store, located at 735, Queen Street West, in Toronto, Wednesday, 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. 

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