David's Bridal Files for Bankruptcy, But Orders Are Safe - NBC 10 Philadelphia

David's Bridal Files for Bankruptcy, But Orders Are Safe

The 300-plus stores run by the Conshokocken, Pennsylvania, company will continue to operate and online sales will continue unimpeded

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    NEWSLETTERS

    David's Bridal Flirts With Possibility of Bankruptcy

    A mecca for wedding and bridesmaids dresses across the country could be going belly up. News4 Consumer Reporter Susan Hogan explains why David's Bridal is flirting with the possibility of bankruptcy. (Published Friday, Oct. 19, 2018)

    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.

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    Marie Yovanovitch, former U.S. Ambassador to Ukraine, responds to a tweet President Donald Trump published about her record as an ambassador.

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