David's Bridal files for bankruptcy, but your order is safe
FILE- In this Dec. 17, 2013, file photo, a David's Bridal employee arranges a dress on a plus-size mannequin in New York. David's Bridal is filing for bankruptcy protection but there is no danger for customers who have ordered dresses because operations continuing as normal while the wedding and prom retailer restructures. The bankruptcy filing, the private company said Monday, Nov. 19, 2018, will wipe out more than $400 million in long-term debt. (AP Photo/Bebeto Matthews, File)
The entrance to a David's Bridal store is seen Monday, Nov. 19, 2018, in Orlando, Fla. David's Bridal is filing for bankruptcy protection but there is no danger for customers who have ordered dresses because operations are continuing as normal while the wedding and prom retailer restructures. (AP Photo/John Raoux)
David's Bridal is filing for bankruptcy protection but there is no danger for customers who have ordered dresses because operations continuing as normal while the wedding and prom retailer restructures.
The bankruptcy filing, the private company said Monday, will wipe out more than $400 million in long-term debt.
It has commitments for $60 million in new debtor-in-possession financing and expects to exit Chapter 11 in early January.
The 300-plus stores run by the Conshokocken, Pennsylvania, company will continue to operate and online sales will continue unimpeded.