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Bankrupt David’s Bridal reaches deal with buyer to avoid total shutdown

Por: New York Post Business July 14, 2023

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Bankrupt wedding gown retailer David’s Bridal received court approval on Friday to sell its business to asset manager Cion Investment Corp. in a no-cash transaction, reaching a deal to keep 195 stores open and . US Bankruptcy Judge Christine Gravelle approved the sale at a court hearing in Trenton, NJ, saying that the company’s employees, landlords and creditors would be better off under new ownership than they would in a full liquidation.... + full article



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