Clothing retailer Boutiques San Francisco has finally filed for creditor protection, despite implementing a recent restructuring plan that involved axing loss-making stores and selling its unprofitable Frisco, L'Officiel and West Coast divisions.

The retailer said all its 117 clothing stores would remain open while the company restructures under the protection of the Companies' Creditors Arrangement Act.

No details were given on possible layoffs among its 2,500 employees.