David’s Bridal has reached a debt deal, enabling the bridal chain to avoid another round in bankruptcy court. Sources told Bloomberg that the retailer had discussions with lenders and equity holders from its previous bankruptcy filing, including Oaktree Capital Group, with some investors agreeing to...
Direct-to-consumer wedding brands are opening stores in real life — and personalizing the customer experience within them through digital technology. Floravere, for instance, opened its first brick-and-mortar location in New York City’s Tribeca neighborhood — a space that it says “reimagines shopping for one of the...
Although it is credited with being one of the first companies to offer wedding and bridal party dresses online, J.Crew’s e-store is ending its love affair with the bridal business. The company is closing its bridal line, which was among the first of its kind...
The additional funding has raised the value of the company to around $15 million.
November 05, 2019
David’s Bridal has reached a debt deal, enabling the bridal chain to avoid another round in bankruptcy court. Sources told Bloomberg that the retailer had discussions with lenders and equity holders from its previous bankruptcy filing, including Oaktree Capital Group, with some investors agreeing to rework about $280 million of debt and to provide $55 […]
