David's Bridal, the nation's largest wedding retailer, filed for Chapter 11 bankruptcy protection with plans to stay in business. The company says it expects to continue operating more than 300 stores
and its website, although it is facing hundreds of millions of dollars in debt from a private-equity buyout several years ago. The retailer assured customers that its bankruptcy would not disrupt
their weddings, in part because it secured support from key lenders to stay alive, according to
USA Today.
Read the whole story at USA Today »
