‘Unlikely to Survive Bankruptcy’: Conshohocken-Based David’s Bridal Speeds Up Store Closings

David's Bridal Conshohocken.
Image via David's Bridal.
This is the company’s second Chapter 11 bankruptcy in less than six years. The sale to CION will save up to 195 stores and almost 7,000 jobs across the country.

The Conshohocken-based David’s Bridal is closing stores ahead of schedule as bankruptcy proceedings don’t go well, writes Mary Vanac for the Cleveland Business Journal.

The massive layoffs should be completed a month earlier than originally planned. The retailer is required under the federal Worker Adjustment and Retraining Notification or WARN act to notify states prior to making large workforce reductions.

Ohio and Wisconsin have received notifications, but Pennsylvania hasn’t yet. In Ohio, 1,639 people are expected to lose their jobs. In Wisconsin, that number is 147.

Bradford Sandler, a lawyer who represents the company’s unsecured creditors committee, said that it is unlikely that the bridal store chain will survive bankruptcy, “certainly not in a traditional bricks and mortar format.”

David’s Bridal filed for Chapter 11 bankruptcy in April for the second time in six years.

James Marcum, chief executive officer of David’s Bridal, said in a statement at the time that “the post-Covid environment and uncertain economic conditions” caused the company challenges.

The bridal store chain said it would sell “all or some of its assets” through the bankruptcy proceedings.

Read more about David’s Bridal in the Philadelphia Business Journal.


Check out Barcelona Bridal Fashion Week.

Stay Connected, Stay Informed

Subscribe for great stories in your community!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.