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David's Bridal Expected To File For Bankruptcy, Report Says

by fortune.com posted 4months ago 27 views
David’s Bridal, America’s largest wedding dress chain, is expected to file for bankruptcy as early as next week, Bloomberg News reports. The wedding retailer is reportedly close to an agreement with creditors that would keep its stores open. The deal would include restructuring the company and passing ownership to Oaktree Capital Group, a Los Angeles-based investment firm that specializes in troubled companies, the news source reported. Questions about the company’s financial health have been swirling since mid-October when David’s Bridal missed a debt payment.

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