CONSHOKOCKEN, Pa. — 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.
If you want to receive BREAKING ALERTS, please download our WPXI News App. You can also follow WPXI on Facebook and Twitter.
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.
TRENDING NOW:
- Woman pulled to safety after road flooded by water main break
- Teen says he was 'messing around' with gun before 15-year-old shot in head
- Body of missing teacher recovered in Mexico
- VIDEO: 73-year-old woman worried about meth she was smoking asked doctor to test it
- DOWNLOAD the Channel 11 News app for breaking news alerts
Associated Press
/cloudfront-us-east-1.images.arcpublishing.com/cmg/XCUXZC2XYZHCRGNNGKFEX6U3LQ.png)
