The most recognizable bridal store in the United States is in trouble. David’s Bridal, which claims to dress 1 in 4 U.S. brides and 1 million bridesmaids annually, filed for Chapter 11 bankruptcy on Monday for the second time in five years.
The 73-year-old retailer is looking for a buyer to continue operating the business, chief executive James Marcum said in a statement. The company also filed a notice with Pennsylvania regulators that it plans to lay off more than 9,000 employees.
Source link: https://www.washingtonpost.com/business/2023/04/18/davids-bridal-bankruptcy/