The wedding-gown retailer David’s Bridal filed for Chapter 11 bankruptcy protection early Monday morning.
The new deal is intended to enable it to reduce its $760 million debt load by $400 million and to continue to operate business as usual.
The company says that it has no plans to close its 300 stores or to liquidate inventory and that orders and bridal appointments will not be affected.
“For more than 60 years, David’s has delivered beautiful, high-quality dresses and accessories for our customers’ most special occasions, and the actions we are taking will enable us to build on that tradition,” Scott Key, the CEO of David’s Bridal, said in a statement to the press.
Read more starting at ‘”Today’s announcement is just the next step in our efforts to’ at…..David’s Bridal has filed for bankruptcy but says its stores will stay open and orders will not be disrupted