Business & Tech
David’s Bridal Files For Bankruptcy: What Does It Mean For IL Brides?
Twelve Illinois locations will remain open for brides who have ordered wedding gowns, but the business announced the filing on Monday.
ILLINOIS — David’s Bridal announced Monday that it has filed for Chapter 11 bankruptcy protection, but stores in Illinois will remain open and brides who ordered dresses won’t have to scramble to find another gown.
The news comes after the company announced Friday that it was laying off just over 9,000 workers.
The store operates 12 locations in Illinois, including:
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- Champaign Town Center, Champaign
- 9536 S. Western Ave., Evergreen Park
- Market Place Shopping Center, Fairview Heights
- 2749 North Elston Ave., Chicago
- 421 E. Roosevelt Rd., Lombard
- 530 Illinois Route 59, Naperville
- Park Pointe Plaza, 14916 S. La Grange Rd., Orland Park
- 5212 Big Hollow Rd., Peoria
- Perryville Crossings, Rockford
- Woodfield Plaza, 560 E. Golf Rd., Schaumburg
- Southwest Plaza III, Springfield
- Hawthorne Hills Shopping Plaza, 700 North Milwaukee Ave., Vernon Hills
The Conshohocken, Pennsylvania-based company said Monday it had filed voluntary petitions for bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey and will seek similar protection in Canada and the United Kingdom.
In a news release, David’s Bridal said both brick-and-mortar stores and online sales, including through its Pearl platform and vendor marketplace, will remain accessible to brides for their wedding planning needs.
Find out what's happening in Across Illinoisfor free with the latest updates from Patch.
Members of Diamond, the company’s loyalty program, can continue to earn and redeem points. Also, the company said it intends to honor gift cards, returns, and exchanges.
The petition includes the usual “first-day” relief, including authorization from the court to pay its workers, maintain certain customer programs, and honor obligations to critical vendors. David’s Bridal will continue to seek buyers, the company said.
David’s Bridal CEO James Marcum said the company “continues to be challenged by the post-COVID environment and uncertain economic conditions, leading us to take this step to identify a buyer who can continue to operate our business going forward.”
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