In July, David's Bridal sold to Cion Investment Corp. AP David's Bridal filed for bankruptcy in April and was sold in July to Cion Investment Corp. CEO Jim…
Fewer engagements meant fewer wedding dresses and bankruptcy for David s Bridal. The CEO says the company now is well-positioned for the expected return to romance.
The company closed a transaction with CION Investment Corporation, a business development company, in late July. The deal gets David’s Bridal out of bankruptcy and will keep 195 David’s Bridal locations open, including two in San Antonio.