Retailer Oak and Fort granted creditor protection, blames tariffs for financial crisis

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Open this photo in gallery: Oak and Fort's Roosevelt Field location in New York. The Vancouver-based company was granted an initial order on Friday under the Companies’ Creditors Arrangement Act.OAK + FORT/Supplied Canadian clothing retailer Oak and Fort Corp. has been granted court protection from its creditors, blaming an ill-conceived store expansion and U.S. tariffs for its financial crisis. The Vancouver-based company, which operates 42 stores in the U.S. and Canada, was granted an initial order on Friday under the Companies’ Creditors Arrangement Act (CCAA) and is planning a parallel Chapter 15 bankruptcy proceeding in the U.S. While Oak and...