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David's Bridal continues operations amidst bankruptcy
3 monthes ago - By Fashion United
Large scale American bridal store chain David's Bridal confirmed recent suspicions of bankruptcy this week. On Thursday, the retailer announced that it is planning to file for Chapter 11 in the “near future.” It also shared that it has reached an agreement with its lenders that will reduce debt by more than 400 million dollars.
The debts accrued by David's Bridal are supposedly due to changing consumer tastes within the wedding industry. Millennials are now waiting longer to get married, and when they are ready for a wedding, they are looking for non traditional styles. Online retailers...
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