Hakim Optical
About 40 stores and labs closed; about 70 remain · Facts as of Oct 17, 2026
Canada's largest privately owned optical chain moved its insolvency proposal (NOI) into CCAA in May 2025 after closing about 40 stores and labs. About 70 stores stayed open.
Gift cards, returns & deposits
Gift cards
Being honouredThe CCAA initial order (May 15, 2025, para. 8(c)) lets the company keep honouring gift cards. We couldn't confirm an end date.
SourceReturns & exchanges
Not yet verifiedWe haven't found an official source for this yet. Check the court monitor's website.
Deposits & pending orders
Not yet verifiedWe haven't found an official source for this yet. Check the court monitor's website.
Key facts
- Banners
- Hakim Optical
- Company
- Hakim Optical Laboratory Limited et al.
- Category
- Optical
- Proceeding
- NOI → CCAA
- Filed / initial order
- May 15, 2025
- Stores affected
- Not yet verifiedAbout 40 unprofitable stores and lab locations closed in the 18 months before May 2025, plus a sale of all Atlantic Canada stores. About 70 stores remained.
- Sale dates
- Not yet verified
- Provinces
- Not yet verified
- Cities / locations
- Not yet verifiedClosed locations not itemized in our sources.
Court case & monitor
- Court
- Ontario Superior Court of Justice (Commercial List)
- Court officer
- KSV Restructuring Inc.
- Official case website
- Not yet verified
The monitor's website has the official court orders, notices and claim forms. If you're owed money (for example a gift card balance or deposit), start there.
Timeline
| May 15, 2025 | NOI proceedings continued under the CCAA; KSV is monitor. source |
Sources
- Hakim Optical Laboratory Limited et al., CCAA, Insolvency Insider. Accessed Oct 17, 2026.
- What happens to gift cards when a company goes out of business in Canada, Proceedings., published Oct 10, 2026. Accessed Oct 17, 2026.
Spot an error or have an update? Corrections are checked against the source documents. This page is not legal advice.