David's Bridal files for bankruptcy to address long-term debt.
<p>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. </p>
•
Nov 19, 2018, 3:35 PM
•
Updated 2,223 days ago
Share:
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.
(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
11/19/2018 9:40:09 AM (GMT -5:00)
More from News 12
2:47
BITTER BLAST: Spotty morning snow followed by partly sunny skies in Connecticut
Government funding bill clears Congress and heads to President Biden, averting a shutdown
3:04
Made In Connecticut: Cooking with Master Chocolatier Fritz Knipschildt
0:24
Greenwich 3rd grader publishes Christmas-themed comic book
2:26
Bridgeport residents can weigh in on poll if 'candy cane smokestack' should be demolished or preserved
1:50
