36:
27:
345:. In 1972, Floridian Phillip Youtie purchased the salon with intentions to open new locations. Between that time and 1988, Youtie successfully grew his investment from a single store to 18 boutiques. Many of these boutiques were leased bridal stores that were in department stores under David's Bridal name.
433:
On April 7, 2023, it was announced that David's was considering bankruptcy for the second time in five years. A week later, on April 14, the company announced it would lay off 9,000, or 82%, of its employees from its stores, corporate headquarters, and distribution centers. On April 17, 2023, David's
450:
When David's Bridal entered bankruptcy in 2019, the customer service experience was a barrier to growth. In-store pricing didn't match the prices from online sales, and returns couldn't be made in-store. “We were doing all these crazy things, like one-day flash sales online that we didn't offer in
388:
In 2012, the company agreed to be acquired by the private-equity firm
Clayton, Dubilier & Rice (CD&R) for a price around $ 900 million. On October 11, CD&R announced the completion of its acquisition of David's Bridal, Inc. in a deal that valued the company at $ 1.05 billion.
438:
and uncertain economic conditions, and could close all of its stores and liquidate if a buyer is not found within the next few weeks. It has now announced to employees that they will be closing half of the stores - the other half of the stores that remain open are the strongest of all the stores.
384:
When May
Department Stores Co. bought it from Youtie and Erlbaum for $ 436 million in 2000, David's Bridal was the largest retailer of bridal gowns and wedding-related merchandise. When sold to Leonard Green & Partners on November 17, 2006, it became the only nationwide competitor of bridal
332:
announced the completion of its acquisition of David's Bridal, Inc. After OCM led a group of lenders that took over its administration after the first bankruptcy filing in 2018, CION became the owner of the bridal-store chain when making the same filing in 2023.
373:
David's Bridal tried to create a no-frills shopping experience for customers looking for high-end, low-cost dresses. Although there was little comfort in the stores, brides-to-be could expect a bargain in a plain, warehouse-like environment.
576:
718:
656:
442:
On July 14, 2023 Oaktree
Capital Management announced it would sell Davids's Bridal to CION Investment Corporation. Ten days later, CION made an investment and became the new owner of the retailer.
896:
781:
348:
Steven
Erlbaum, a late childhood friend of Youtie, eventually joined forces with Youtie to help bring David's Bridal to all 50 states. Erlbaum, having preexisting experience from creating the
871:
454:
Since emerging from
Chapter 11 bankruptcy, the brand has focused on improving its omnichannel customer experience and launched Pearl, an app-based wedding planning vendor marketplace.
377:
By the 1990s, small independent bridal shops were struggling to stay in business while more David's Bridal added 12 additional stores between 1994 and 1995 alone. In 1999, the company
144:
Wedding Gowns, Bridesmaids
Dresses, Social Occasion Dresses, Guest of a Wedding Dresses, Prom & Homecoming Gowns, Accessories (Jewelry, Handbags, Shoes, Veils, Headpieces), Gifts
1394:
1389:
1015:
711:
403:. After emerging from bankruptcy in January 2019, the retailer is now managed by a group of lenders including Oaktree Capital Group and Tom Lynch, former chief executive at
481:
743:
649:
282:
On July 24, 2023, CION Investment Corp. took control of David's Bridal after investing 20 million dollars. With a revolving line of credit and a term loan offered by
625:
276:
dresses, other formal wear, and alterations. It is the largest
American bridal-store chain and sells 25-30% of all wedding dresses purchased in the United States.
804:
1374:
925:
832:
520:
955:
1384:
370:
where they stocked designer gowns, discontinued dress and manufacturer overruns at below retail prices. This chain of bridal stores was like none of its kind.
689:
892:
985:
773:
366:
Stores at this time stocked only sample gowns in a standard size. Youtie and
Erlbaum changed the store model in the late 1980s with a warehouse off
1349:
577:"David's Bridal and CION Investment Corporation Complete Successful Transaction and Announce Plans for Go-Forward Industry Leading Bridal Company"
1359:
1354:
35:
1364:
855:
1369:
302:. Since 2000, the chain of stores has been sold numerous times and has gone through two bankruptcy filings within a five-year period.
1007:
552:
400:
414:
On June 24, 2019, David's appointed James A. Marcum as the chief executive officer, replacing Lynch who had been the interim CEO.
1379:
1097:
1424:
1419:
1414:
1409:
1404:
751:
1037:
355:
Erlbaum and Youtie eventually incorporated the company, structuring it for the national market. A warehouse was built in
601:
801:
917:
824:
947:
491:
407:, succeeded Key as the interim CEO in March - it also announced the former interim chief revenue officer and CFO at
681:
1399:
1210:
497:
977:
1106:
1090:
404:
329:
318:
310:
185:
177:
169:
427:
360:
193:
88:
396:, Paul Pressler as chief executive officer. In May 2018, Scott Key was named chief executive officer.
356:
1429:
367:
342:
74:
378:
1253:
1083:
322:
306:
161:
426:
in
November 2018, emerging two months later under ownership of a group of lenders including
1273:
381:
with over $ 104 million in assets and selling 8 million shares, listed as DABR.
8:
1175:
1303:
352:-based store chain Mr. Good Buys (now defunct), was able to give knowledge to Youtie.
294:
Until filing for bankruptcy in 2023, David's Bridal operated 298 stores in 49 states,
1190:
1127:
863:
487:
435:
123:
602:"Charlotte area David's Bridal shops learn their fate after company bankruptcy sale"
1324:
1075:
802:
David's Bridal files for
Chapter 11 bankruptcy protection, aims to stay in business
434:
Bridal filed for Chapter 11 bankruptcy again, citing challenges brought on by the
1268:
1200:
808:
408:
283:
451:
the store. And the bride's standing there with her phone,” said CEO Jim Marcum.
1308:
299:
110:
279:
In January 2023, David's Bridal launched a wedding planning app called Pearl.
268:
1343:
1278:
1185:
867:
521:"David's Bridal Is Going After The Wedding Planning Market With New Platform"
286:, it was announced that the chain would have 195 stores and 7,000 employees.
251:
247:
102:
78:
1159:
349:
273:
1237:
423:
392:
In August 2016, David's announced the former president and CEO of the
263:
255:
1008:"David's Bridal files for Chapter 11 bankruptcy as it looks for buyer"
1205:
314:
856:"David's Bridal Names New Leadership After Emerging From Bankruptcy"
385:
stores - one in four American brides are dressed by David's Bridal.
1298:
1293:
1263:
1070:
918:"David's Bridal emerges from bankruptcy after less than two months
825:"David's Bridal emerges from bankruptcy after less than two months
393:
26:
626:"David's Bridal Has A New Owner, And More Time For Its Turnaround"
1288:
1195:
1143:
893:"David's Bridal Appoints James Marcum as Chief Executive Officer"
1180:
1063:
295:
243:
226:
106:
774:"David's Bridal Appoints Scott Key as Chief Executive Officer"
317:) in 2005. On November 17, 2006, the company was purchased by
1283:
1038:"David's Bridal avoids shutdown with no-cash bankruptcy sale"
682:"Happily ever after: David's Bridal is sold for about $ 900M"
553:"Why David's Bridal is launching a new wedding planning tool"
341:
David's Bridal started in 1950 as a small bridal boutique in
948:"David's bridal is said to be considering bankruptcy, again"
744:"David's Bridal CEO steps down; replaced by former Gap head"
259:
483:
One Perfect Day : The Selling of the American wedding
359:—near Fort Lauderdale. The corporate headquarters are in
321:, on the same day that Federated also divested itself of
417:
130:
Nancy Viall (President, Merchandising and Supply Chain)
1395:
Companies that filed for Chapter 11 bankruptcy in 2023
1390:
Companies that filed for Chapter 11 bankruptcy in 2018
128:
Kelly Cook (President, Brand, Technology and Finance)
1105:
680:
COVERT AND KOSMAN, JAMES AND JOSH (23 August 2012).
445:
978:"David's Bridal is laying off over 9,000 workers"
679:
1341:
475:
473:
471:
469:
467:
136:Andrea Dauphinee (Chief Human Resources Officer)
1375:Privately held companies based in Pennsylvania
1000:
313:(the parent company of department store giant
1385:Companies based in Conshohocken, Pennsylvania
1091:
464:
1098:
1084:
411:, Curt Kroll, would take the role of CFO.
399:On November 19, 2018, David's filed for
1350:Clothing retailers of the United States
853:
550:
309:in 2000, which was, in turn, bought by
1360:Clothing companies established in 1950
1355:American companies established in 1950
1342:
741:
1079:
1365:Retail companies established in 1950
546:
544:
542:
540:
479:
418:Bankruptcy and CION Investment Corp.
134:Rob Cooper (Chief Financial Officer)
132:Bob Walker (Chief Operating Officer)
1018:from the original on April 17, 2023
988:from the original on April 16, 2023
958:from the original on April 17, 2023
928:from the original on April 25, 2019
835:from the original on April 25, 2019
692:from the original on 24 August 2012
13:
1370:Private equity portfolio companies
771:
518:
14:
1441:
1055:
537:
34:
25:
1030:
970:
940:
910:
899:from the original on 2019-07-06
885:
874:from the original on 2019-04-30
854:Shumsky, Tatyana (2019-03-04).
847:
817:
795:
784:from the original on 2019-04-30
765:
742:Wilson, Marianne (2016-08-31).
735:
724:from the original on 2022-12-30
662:from the original on 2021-10-16
551:Daniels, Melissa (2023-01-31).
446:Omnichannel Customer Experience
1380:1950 establishments in Florida
1211:Union Square Hospitality Group
704:
673:
642:
618:
594:
569:
512:
480:Mead, Rebecca (29 July 2008).
1:
1425:2023 mergers and acquisitions
1420:2019 mergers and acquisitions
1415:2012 mergers and acquisitions
1410:2006 mergers and acquisitions
1405:2000 mergers and acquisitions
583:(Press release). 24 July 2023
457:
1107:Leonard Green & Partners
330:Clayton, Dubilier & Rice
319:Leonard Green & Partners
201:CION Investment Corporation
186:Clayton, Dubilier & Rice
178:Leonard Green & Partners
7:
486:. New York: Penguin Group.
311:Federated Department Stores
289:
170:Federated Department Stores
64:; 74 years ago
10:
1446:
428:Oaktree Capital Management
361:Conshohocken, Pennsylvania
336:
194:Oaktree Capital Management
89:Conshohocken, Pennsylvania
1317:
1246:
1230:
1223:
1168:
1152:
1136:
1120:
1113:
422:David's Bridal filed for
357:Hallandale Beach, Florida
221:
211:
148:
140:
126:(Chief Executive Officer)
117:
95:
84:
58:
50:
42:
33:
24:
405:Frederick's of Hollywood
343:Fort Lauderdale, Florida
75:Fort Lauderdale, Florida
606:The Charlotte Observer
323:After Hours Formalwear
1400:May Department Stores
1040:. Reuters. 2023-07-14
401:Chapter 11 bankruptcy
328:On October 11, 2012,
307:May Department Stores
162:May Department Stores
250:that specializes in
1254:BJ's Wholesale Club
1176:The Container Store
922:, January 18, 2019"
860:Wall Street Journal
829:, January 18, 2019"
814:, November 19, 2018
305:It was acquired by
213:Number of employees
97:Number of locations
21:
1304:Whole Foods Market
1014:. April 17, 2023.
984:. April 14, 2023.
952:The New York Times
807:2018-11-20 at the
778:www.prnewswire.com
19:
1337:
1336:
1333:
1332:
1274:Leslie's Poolmart
1219:
1218:
1191:Life Time Fitness
1128:Lucky Brand Jeans
1121:Consumer products
954:. April 7, 2023.
780:(Press release).
772:Bridal, David's.
686:The New York Post
436:COVID-19 pandemic
237:
236:
1437:
1325:Sports Authority
1228:
1227:
1118:
1117:
1100:
1093:
1086:
1077:
1076:
1067:
1066:
1064:Official website
1049:
1048:
1046:
1045:
1034:
1028:
1027:
1025:
1023:
1004:
998:
997:
995:
993:
974:
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944:
938:
937:
935:
933:
914:
908:
907:
905:
904:
889:
883:
882:
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851:
845:
844:
842:
840:
821:
815:
799:
793:
792:
790:
789:
769:
763:
762:
760:
759:
750:. Archived from
739:
733:
732:
730:
729:
723:
716:
708:
702:
701:
699:
697:
677:
671:
670:
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573:
567:
566:
564:
563:
548:
535:
534:
532:
531:
516:
510:
509:
507:
505:
500:on 28 April 2017
496:. Archived from
477:
233:
230:
228:
204:
198:
190:
182:
174:
166:
158:
72:
70:
65:
54:Specialty Retail
38:
29:
22:
18:
1445:
1444:
1440:
1439:
1438:
1436:
1435:
1434:
1430:Wedding dresses
1340:
1339:
1338:
1329:
1313:
1269:Equinox Fitness
1242:
1215:
1201:Signet Jewelers
1164:
1148:
1132:
1109:
1104:
1062:
1061:
1058:
1053:
1052:
1043:
1041:
1036:
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900:
891:
890:
886:
877:
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852:
848:
838:
836:
823:
822:
818:
809:Wayback Machine
800:
796:
787:
785:
770:
766:
757:
755:
748:Chain Store Age
740:
736:
727:
725:
721:
714:
712:"Press Release"
710:
709:
705:
695:
693:
678:
674:
665:
663:
659:
652:
650:"Press Release"
648:
647:
643:
634:
632:
624:
623:
619:
610:
608:
600:
599:
595:
586:
584:
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570:
561:
559:
549:
538:
529:
527:
517:
513:
503:
501:
494:
478:
465:
460:
448:
420:
409:National Stores
339:
292:
284:Bank of America
252:wedding dresses
225:
214:
207:
202:
196:
188:
180:
172:
164:
156:
135:
133:
131:
129:
127:
124:James A. Marcum
120:
98:
73:
68:
66:
63:
17:
16:Bridal retailer
12:
11:
5:
1443:
1433:
1432:
1427:
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1417:
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1397:
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1367:
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1335:
1334:
1331:
1330:
1328:
1327:
1321:
1319:
1315:
1314:
1312:
1311:
1309:Varsity Brands
1306:
1301:
1296:
1291:
1286:
1281:
1276:
1271:
1266:
1261:
1259:David's Bridal
1256:
1250:
1248:
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1234:
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1225:
1221:
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1166:
1165:
1163:
1162:
1156:
1154:
1150:
1149:
1147:
1146:
1140:
1138:
1137:Transportation
1134:
1133:
1131:
1130:
1124:
1122:
1115:
1111:
1110:
1103:
1102:
1095:
1088:
1080:
1074:
1073:
1068:
1057:
1056:External links
1054:
1051:
1050:
1029:
999:
969:
939:
909:
895:. 2019-06-24.
884:
846:
816:
794:
764:
734:
703:
672:
641:
617:
593:
568:
536:
519:Verdon, Joan.
511:
492:
462:
461:
459:
456:
447:
444:
419:
416:
338:
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300:United Kingdom
291:
288:
240:David's Bridal
235:
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209:
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203:(2023–present)
199:
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159:
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121:
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111:United Kingdom
101:195 stores in
99:
96:
93:
92:
86:
82:
81:
60:
56:
55:
52:
48:
47:
44:
40:
39:
31:
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20:David's Bridal
15:
9:
6:
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2:
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1297:
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1290:
1287:
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1279:Neiman Marcus
1277:
1275:
1272:
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1267:
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1262:
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1257:
1255:
1252:
1251:
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1212:
1209:
1207:
1204:
1202:
1199:
1197:
1194:
1192:
1189:
1187:
1186:Jo-Ann Stores
1184:
1182:
1179:
1177:
1174:
1173:
1171:
1167:
1161:
1158:
1157:
1155:
1151:
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987:
983:
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850:
834:
830:
828:
820:
813:
810:
806:
803:
798:
783:
779:
775:
768:
754:on 2016-12-02
753:
749:
745:
738:
720:
713:
707:
691:
687:
683:
676:
658:
651:
645:
631:
627:
621:
607:
603:
597:
582:
581:Business Wire
578:
572:
558:
557:Modern Retail
554:
547:
545:
543:
541:
526:
522:
515:
499:
495:
493:9780143113843
489:
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463:
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368:Interstate 95
364:
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248:United States
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229:.davidsbridal
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61:
57:
53:
49:
45:
41:
37:
32:
28:
23:
1258:
1160:Aspen Dental
1042:. Retrieved
1032:
1020:. Retrieved
1011:
1002:
990:. Retrieved
981:
972:
960:. Retrieved
951:
942:
930:. Retrieved
919:
912:
901:. Retrieved
887:
876:. Retrieved
859:
849:
837:. Retrieved
826:
819:
811:
797:
786:. Retrieved
777:
767:
756:. Retrieved
752:the original
747:
737:
726:. Retrieved
706:
694:. Retrieved
685:
675:
664:. Retrieved
644:
633:. Retrieved
629:
620:
609:. Retrieved
605:
596:
585:. Retrieved
580:
571:
560:. Retrieved
556:
528:. Retrieved
524:
514:
504:10 September
502:. Retrieved
498:the original
482:
453:
449:
441:
432:
421:
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387:
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376:
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365:
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350:Philadelphia
347:
340:
327:
304:
293:
281:
278:
267:
239:
238:
155:Independent
85:Headquarters
43:Company type
379:went public
274:flower girl
269:quinceañera
197:(2018–2023)
157:(1950–2000)
1344:Categories
1238:IMS Health
1231:Healthcare
1153:Healthcare
1044:2023-07-14
903:2019-06-25
878:2019-04-29
788:2019-04-29
758:2017-11-17
728:2013-10-08
666:2020-01-15
635:2023-08-02
611:2023-08-02
587:2023-08-02
562:2023-10-17
530:2023-10-17
458:References
424:bankruptcy
298:, and the
264:homecoming
256:bridesmaid
119:Key people
1206:SoulCycle
1022:April 17,
1012:Penn Live
992:April 17,
962:April 17,
932:April 25,
868:0099-9660
839:April 25,
812:USA Today
696:23 August
272:dresses,
266:dresses,
258:dresses,
189:(2012–18)
181:(2006–12)
173:(2005–06)
165:(2000–05)
1299:Rite Aid
1294:Tourneau
1264:Del Taco
1016:Archived
986:Archived
956:Archived
926:Archived
920:LA Times
897:Archived
872:Archived
833:Archived
827:LA Times
805:Archived
782:Archived
719:Archived
690:Archived
657:Archived
430:(OCM).
394:Gap Inc.
290:Overview
244:clothier
141:Products
51:Industry
1318:Defunct
1289:Topshop
1196:PureGym
1144:AerSale
1071:Careers
337:History
246:in the
222:Website
67: (
59:Founded
46:Private
1247:Retail
1224:Exited
1181:J.Crew
1169:Retail
1114:Active
866:
630:Forbes
525:Forbes
490:
315:Macy's
296:Canada
109:, and
107:Canada
91:, U.S.
1284:Petco
722:(PDF)
715:(PDF)
660:(PDF)
653:(PDF)
242:is a
217:7,000
149:Owner
1024:2023
994:2023
964:2023
934:2019
864:ISSN
841:2019
698:2012
506:2016
488:ISBN
262:and
260:prom
231:.com
79:U.S.
69:1950
62:1950
982:CNN
227:www
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