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David's Bridal CEO says brides will get their dresses despite its bankruptcy filing.
When May Department Stores Co. bought it from Youtie and Erlbaum for $436 million in 2000, [1] David's Bridal was the largest retailer of bridal gowns and wedding-related merchandise. When sold to Leonard Green & Partners on November 17, 2006, it became the only nationwide competitor of bridal stores [ 1 ] - one in four American brides are ...
On May 28, 2023, the UK division of David's Bridal collapsed and began liquidation sales, with its last known profit being in 2018. [108] A few months later, on July 14, 2023, David's Bridal was purchased in a no-cash bankruptcy sale by Cion Investment Corp, saving the chain from total liquidation.
David’s Bridal has filed for bankruptcy protection for a second time
David's grandson Morton May became the chairman in 1951 and headed the company for 16 years. Morton May was active in St. Louis civic affairs and was a patron of the St. Louis Art Museum . In 1968, Venture Stores was founded when Target co-founder John F. Geisse went to work for May Department Stores.
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