David’s Bridal Files for Bankruptcy as Company Seeks to Find a Buyer

David’s Bridal, the largest wedding gown retailer in North America, filed for bankruptcy protection on Monday, seeking to find a buyer for its business.

David’s Bridal said in a statement that it would “fulfill all customer orders without disruption or delay,” but might be forced to wind down operations if it cannot find a buyer. The company, which previously went bankrupt in 2018, said its business has suffered in recent years due to the COVID-19 pandemic, decreased demand for wedding dresses and high inflation.

“We are determined to stay focused on our future, because we believe we have an important role in ensuring that every bride, no matter her budget, can have her perfect dress,” CEO James Marcum said in a statement.

Read the source article at finance.yahoo.com