Frank And Oak, well equipped to continue growing online and in stores

Frank And Oak, the Canadian retailer of clothing and accessories for men and women, today announced the closure of a CA $20 million round of financing led by the Caisse de dépôt et placement du Québec. The round of financing was completed by other institutional and private investors, including Goodwater Capital and Investissement Québec.

These investments will allow the business to accelerate development of its digital experience and support its growth online in North America and other parts of the world. It will also bolster technological projects, through the implementation of artificial intelligence in its Style Plan program of personalized recommendations and through the development of integrated omnichannel technologies. Building on a solid foundation of creativity and innovation, Frank And Oak will continue to expand its product offering and propose additional styles, while continuing to invest in its supply chain.

As e-commerce grows around the world and the retail sector reels from upheavals, this investment confirms the ample opportunities available to this Montreal company. By combining a vertically integrated supply chain with a digital model directly targeting consumers, Frank And Oak remains determined to offer a unique personalized shopping experience that helps customers dress with style, quickly and efficiently.

Arrival of new members at Frank And Oak

Notable personalities from the business world are also joining Frank And Oak’s executive team. First, Éric Simon has returned as Chief Financial Officer. He was previously Vice-President, Finance and Administration at Fibrenoire, and has over 20 years of experience in corporate finance. His analytical mind and strategic vision will allow Frank And Oak to optimize operations, boost productivity and continue expanding. Earlier, Frédéric Boivin joined the organization as Vice-President of Merchandising and Brad Evans as National Sales Manager. Both of them are retail experts.

Joanne Nemeroff, a leader known for her in-depth knowledge of local and international retail, now serves on the Board of Directors of Frank And Oak. She has been President of Limited Brands Canada and La Senza, and has held positions at Aldo, Holt Renfrew Ogilvy and Reitmans.

The company now benefits from cutting-edge strategic expertise to grow the brand on all fronts.