Frank and Oak

Modasuite Inc. in its NOI

Client

Frank and Oak

Value

$19 million

Service

Insolvency and Restructuring

Date Closed

Lead Office

Montréal


 

On June 22, 2020, Modasuite Inc., doing business as Frank and Oak, filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act. The NOI lists approximately $19 million in liabilities, including $6 million to Desjardins. While under creditor protection, the company intends to restructure its business and strengthen the company’s growing e-commerce operation.

Modasuite Inc. is a Montreal based retailer specializing in men’s and women’s clothing. Originally founded as e-commerce startup, it has 19 physical locations across Canada.

Osler, Hoskin & Harcourt LLP advises Frank and Oak with a team consisting of Sandra Abitan, Julien Morissette and Ilia Kravtsov (Insolvency and Restructuring), with assistance from Marisa Corona (Corporate).


Team
Sandra Abitan - Montréal Managing Partner
Key Contact

Sandra Abitan

Montréal Managing Partner

Julien  Morissette

Julien Morissette

Partner, Litigation and Insolvency & Restructuring

Ilia Kravtsov

Ilia Kravtsov

Associate, Insolvency & Restructuring | Litigation

Marisa Corona

Marisa Corona

Associate, Corporate