David's Bridal files for bankruptcy protection
David's Bridal, the nation's largest wedding retailer, filed for Chapter 11 bankruptcy protection Monday with plans to stay in business.
The company is saddled with hundreds of millions of dollars in debt from a private-equity buyout several years ago and faces a surge of digital competition.
David's Bridal assured customers that its bankruptcy would not disrupt their weddings - in part because it secured support from key lenders to stay alive. It expects to continue operating more t...