The well-known bridal chain has now announced that it has successfully completed financial restructuring and has emerged from Chapter 11 bankruptcy
We reported late last year that rumours were swirling that the US operation of David’s Bridal was about to file for bankruptcy.
The well-known bridal chain has now announced that it has successfully completed financial restructuring and has emerged from Chapter 11 bankruptcy.
They’ve reported that their balance sheet is substantially stronger and that they have a clear strategy for the future, and are poised for long-term growth.
Scott Key, Chief Executive Officer of David’s Bridal, stated: “I am excited to announce that we have successfully emerged from Chapter 11 bankruptcy on an accelerated timeline thanks to the tireless efforts of our team and our new owners’ confidence in the future of our company.
“Throughout this process, we fully delivered on our promise to our customers: dresses arrived on time, stores remained open, and as a company we continued to deliver service worthy of five stars. We look forward to building on the success our brand has established over the past 60 years.”
The statement released by the brand also focused on what customers can expect from David’s Bridal in 2019, including lower prices on best-sellers, an expanded range of sizes (0-30), a free online wedding registry, more choices for brides shopping online and several in-store events across the country.
For more advice about how to run your business alongside high street bridal shops, read our piece on the impact of high street bridal on the industry today.