David's Bridal news and archive

Cion Investment acquires David’s Bridal assets

Wedding gown and special occasion retailer David’s Bridal has closed a successful transaction with Cion Investment Corporation keeping open its 195 stores and securing the jobs of 7,000 people across the US. In a statement, Cion Investment, a business development company, said that it has invested 20 million US dollars into the new business to...

Business

David’s Bridal escapes closure through no-cash acquisition

Wedding gown retailer David’s Bridal has received court approval to sell its assets to Cion Investment Corp via a no-cash transaction that will allow the brand to avoid a total shutdown. The American chain filed for Chapter 11 filing status in April after its CEO James Marcum stated that the “business continues to be challenged”. It came just...

BusinessFeatured

David's Bridal files for Chapter 11 bankruptcy

After a week of speculation that David’s Bridal was on the brink of bankruptcy, America’s largest bridal retailer announced its declaration in the midst of bridal season on Monday, April 17. With recent mass layoffs of over 9,236 employees and an official press release statement, David’s Bridal’s Chapter 11 filing status is already in full...