Latest news with #EthanSong
Fashion Network
24-04-2025
- Business
- Fashion Network
Canada's Frank and Oak stores to shutter nationwide on IP sale
Montreal-based UCG Canada Holdings Inc., which operates as clothing brand Frank and Oak, is set to shutter all 14 of its retail locations in the coming weeks and will sell off its intellectual property as part of a broader wind-down. The company is being sold to Quebec-based manufacturer Lamour Group, as well as Quebec company Thread Collective, whose brand portfolio includes Bebe, Psycho Bunny, Hurley, and Pajar, among others. While the brand itself will continue to operate, UCG Canada Holdings Inc. is expected to file for bankruptcy and cease all operations. All 14 Frank and Oak stores, located across Quebec, Ontario, and British Columbia, are scheduled to close by May 18. The brand's website will remain operational throughout the liquidation process. Founded in 2012 by longtime friends Hicham Ratnani and Ethan Song, Frank and Oak began as a menswear e-commerce brand before expanding into brick-and-mortar retail and launching its first women's collection in 2016. The company is among several Canadian retailers that struggled to recover from the economic impact of the Covid-19 pandemic. Frank and Oak initially sought creditor protection in 2020, leading to the sale of UCG Canada Holdings later that year. In a second blow, UCG filed again for creditor protection in January 2025. According to court filings, the retailer currently owes approximately $71 million to its creditors.
Fashion Network
24-04-2025
- Business
- Fashion Network
Canada's Frank and Oak stores to shutter nationwide on IP sale
Montreal-based UCG Canada Holdings Inc., which operates as clothing brand Frank and Oak, is set to shutter all 14 of its retail locations in the coming weeks and will sell off its intellectual property as part of a broader wind-down. The company is being sold to Quebec-based manufacturer Lamour Group, as well as Quebec company Thread Collective, whose brand portfolio includes Bebe, Psycho Bunny, Hurley, and Pajar, among others. While the brand itself will continue to operate, UCG Canada Holdings Inc. is expected to file for bankruptcy and cease all operations. All 14 Frank and Oak stores, located across Quebec, Ontario, and British Columbia, are scheduled to close by May 18. The brand's website will remain operational throughout the liquidation process. Founded in 2012 by longtime friends Hicham Ratnani and Ethan Song, Frank and Oak began as a menswear e-commerce brand before expanding into brick-and-mortar retail and launching its first women's collection in 2016. The company is among several Canadian retailers that struggled to recover from the economic impact of the Covid-19 pandemic. Frank and Oak initially sought creditor protection in 2020, leading to the sale of UCG Canada Holdings later that year. In a second blow, UCG filed again for creditor protection in January 2025. According to court filings, the retailer currently owes approximately $71 million to its creditors.
Fashion Network
24-04-2025
- Business
- Fashion Network
Canada's Frank and Oak stores to shutter nationwide on IP sale
Montreal-based UCG Canada Holdings Inc., which operates as clothing brand Frank and Oak, is set to shutter all 14 of its retail locations in the coming weeks and will sell off its intellectual property as part of a broader wind-down. The company is being sold to Quebec-based manufacturer Lamour Group, as well as Quebec company Thread Collective, whose brand portfolio includes Bebe, Psycho Bunny, Hurley, and Pajar, among others. While the brand itself will continue to operate, UCG Canada Holdings Inc. is expected to file for bankruptcy and cease all operations. All 14 Frank and Oak stores, located across Quebec, Ontario, and British Columbia, are scheduled to close by May 18. The brand's website will remain operational throughout the liquidation process. Founded in 2012 by longtime friends Hicham Ratnani and Ethan Song, Frank and Oak began as a menswear e-commerce brand before expanding into brick-and-mortar retail and launching its first women's collection in 2016. The company is among several Canadian retailers that struggled to recover from the economic impact of the Covid-19 pandemic. Frank and Oak initially sought creditor protection in 2020, leading to the sale of UCG Canada Holdings later that year. In a second blow, UCG filed again for creditor protection in January 2025. According to court filings, the retailer currently owes approximately $71 million to its creditors.
Yahoo
25-02-2025
- Politics
- Yahoo
Connecticut senators renew push for Ethan's Law on a federal level
CONNECTICUT (WTNH) — Connecticut lawmakers will be in Washington, D.C. Tuesday in hopes of reintroducing Ethan's Law. Named in honor of Guilford teen Ethan Song, the bill would create federal requirements for safe gun storage and strong penalties for violations. The gift of life: Ethan's Law re-introduced for Guilford's inaugural blood drive Lawmakers and gun violence advocates are renewing their push to pass Ethan's Law on the federal level. The law, already in effect in Connecticut, would mandate the safe storage of guns across the U.S. The bill honors the memory of Ethan Song, a Guilford teenager who was killed with an unsecured gun in early 2018. U.S. Senators Richard Blumenthal and Chris Murphy, Congresswoman Rosa DeLauro, and Ethan's mother, Kristin Song, will be joined by gun violence advocates Tuesday at their press conference. The bill passed the House of Representatives in 2022 as a part of the Protecting Our Kids Act but failed in the U.S. Senate. Tuesday marks a new effort to try to get it passed on the federal level. Under Ethan's law, gun owners would be required to secure their firearms in a 'secure gun storage or safety device' if a minor is likely to gain access to the firearm without permission, or if a resident of the dwelling cannot legally possess a firearm under existing law. The bill also includes incentives for states to pass and enforce their own safe gun storage laws. Congresswoman DeLauro said she has secured the support of over 60 of her colleagues ahead of the bill's reintroduction in Congress. She said the goal is to help prevent unintentional shootings, suicide and even crime-related gun violence. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
