David’s Bridal Files For Bankruptcy After Announcing Major Layoffs

David’s Bridal has filed for bankruptcy for the second time in five years. The wedding dress retailer announced in a release that it has filed for relief under Chapter 11 of the U.S. Bankruptcy Code on April 17 and is now looking for a buyer. If a buyer isn’t found, the bridal company, which has been in business for more than 70 years, may be forced to liquidate all its inventory and wind down operations, according to court documents. Read more at Today.

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