David’s Bridal has filed for bankruptcy protection, the second time for the chain in the past five years.
The announcement Monday arrives days after the company, one of the largest sellers of wedding gowns and formal wear, said it could eliminate more than 9,200 jobs across the United States. Based in Conshohocken, Pennsylvania, the company has about 300 stores across dozens of states and employs more than 11,000 workers,
David’s Bridal is looking to sell the company, but its stores remain open and its fulfilling orders without delay. Its online platforms also remain available to help people with their wedding planning needs.
The company last filed for bankruptcy protection in 2018 but reemerged a year later. Monday's filing was made in New Jersey.
In Wednesday's business headlines, Microsoft CEO Satya Nadella is due in court to defend the company's takeover of Activision Blizzard and United Airlines is under fire over its recent cancellations with CEO Scott Kirby blaming the FAA for the disruptions. Meanwhile, a judge approved Overstock's purchase of Bed Bath & Beyond assets.
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.
