Popular wedding and prom dress retailer David’s Bridal has filed for bankruptcy!
The good news is all of the brides who have ordered dresses for their big day won’t have to worry because it will be business as usual while they undergo restructures.
Via NY Post:
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.
All 300 stores and online sale will not be affected by the filing.