David’s Bridal files for bankruptcy

0

Posted:

Updated:

(WPHL) – David’s Bridal has filed for Chapter 11 bankruptcy, according to the Wall Street Journal.

This comes just days after David’s Bridal, one of the largest sellers of wedding gowns in the United States, planned to cut at least 9,000 positions across the United States.

On Friday, David’s Bridal outlined what’s ahead in a notice about the layoffs sent to the Colorado Department of Labor and Employment. A notice was also filed in Pennsylvania.

“At this time, it is uncertain whether the Company will be ceasing operations entirely or the closure will be limited to certain locations,” the company said in the notice.

The retailer, based in Conshohocken, Pennsylvania, employs over 11,000 employees.

Although the company is looking to sell the business, stores will remain open and brides will be able to purchase dresses without any disruptions.

David’s Bridal previously filed for bankruptcy in 2018 but was able to get out of debt and continue the business.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest For Top Stories News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment