Advertisement

David's Bridal files for bankruptcy, but your order is safe

In this Friday, Aug. 2, 2013 photo Sara Musillo, left, assistant store manager at David's Bridal in New York assists Yolanda Royal, 64, center as she tries on wedding dresses with her niece Angelic Lavine. In this Friday, Aug. 2, 2013 photo Sara Musillo, left, assistant store manager at David's Bridal in New York assists Yolanda Royal, 64, center as she tries on wedding dresses with her niece Angelic Lavine. | Photo: AP Photo / Mary Altaffer.

November 19, 2018 11:32 AM

David's Bridal is filing for bankruptcy protection but there is no danger for customers who have ordered dresses because operations continuing as normal while the wedding and prom retailer restructures.
    
The bankruptcy filing, the private company said Monday, will wipe out more than $400 million in long-term debt.
    
It has commitments for $60 million in new debtor-in-possession financing and expects to exit Chapter 11 in early January.
    
The 300-plus stores run by the Conshokocken, Pennsylvania, company will continue to operate and online sales will continue unimpeded.

Advertisement

Credits

AP

Copyright 2018 The Associated Press. All rights reserved.

Advertisement
Relay Media Amp
Advertisement
Advertisement
Crash closes part of Central Avenue in Albany

No peeking, voters: Court keeps Trump taxes private for now

Cuomo: NY making progress but needs to stay vigilant

US economy may be stalling out as viral outbreak worsens

Eleven people hurt in deck collapse on Saratoga Lake

Advertisement