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Davids Tag

23 Apr

David’s Bridal CEO Guarantees to Deliver the Dress Amid Bankruptcy

David’s Bridal CEO Guarantees to Deliver the Dress Amid Bankruptcy
David’s Bridal is likely to be down after its latest bankruptcy filing, but chief executive officer James Marcum said the retailer is just not out — and is able to keep its vow and deliver the all-important dress.  Marcum told WWD in an interview on Thursday that the corporate, vertically integrated by virtue of its China-based joint-venture suppliers, will find a way to maintain delivering wedding gowns to brides because it established the terms of its bankruptcy in court.  “We have now 30,000 orders over there at once which can be in production as we speak, that will probably be flown within the bellies of airplanes to get ’em over here to the States to be certain that these customers get ’em,”...
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17 Apr

David’s Bridal Files for Bankruptcy

David’s Bridal Files for Bankruptcy
It’s official. After 10 days of speculation that David’s Bridal LLC, the one sizable U.S. bridal retail chain, was nearing bankruptcy, the corporate has done so in the U.S. Bankruptcy Court for the District of Latest Jersey. The 70-year-old business expects to file a recognition proceeding in Canada, as well, and one among its subsidiaries is planning to start out administration proceedings for its business within the U.K. With 300 stores – mostly within the U.S. — the news may concern hundreds of brides, bridesmaids and prom-goers with existing orders or plans for David’s Bridal purchases. The corporate said its stores will remain open, and it “intends to proceed operating within the strange course, including by fulfilling all customer orders without disruption or delay.” Nevertheless, staffing and customer support...
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