David's Bridal Files For Bankruptcy, But Your Order Is Safe
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MIAMI (CBSMiami/AP) – Breathe easy, brides; your dress is still being made.
David's Bridal is filing for bankruptcy protection but there is no danger for customers who have ordered dresses because operations are 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.
There are four David's Bridal retail stores in South Florida. They are in Coral Gables, Hialeah, Pembroke Pines and Sunrise.
(© Copyright 2018 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)
