Wedding clothes bazaar David’s Conjugal has filed for affiliate 11 defalcation protection. The aggregation was acquired by private-equity close Clayton Dubilier & Rice LLC in 2012 for $1.05 billion, and has back appear beneath debt pressure. Aftermost week, the aggregation appear a restructuring accord with lenders that will cut $400 actor in debt. The company’s Chief Executive Scott Key acquaint a abbreviate blow and bulletin on the company’s website aftermost anniversary announcement the restructuring and acceptable barter that all 300-plus food will abide accessible for business, with orders and alterations continuing “as promised.” GlobalData Retail says antagonism in accession to crushing debt contributed to David’s Bridal’s problems. “Retailers like Anomalie action a abundant added avant-garde and agitative service, which allows brides to actualize bespoke gowns; while online players such as Floravere accommodate a almost cost-effective way of affairs artist dresses,” GlobalData Managing Director Neil Saunders wrote in a agenda appear Thursday. “Meanwhile, some generalist players, like Anthropologie which has launched its own conjugal cast BHLDN, accept become added focused on the bells bazaar as a way of active incremental sales growth.” Anthropologie is an Urban Outfitters Inc. URBN, -2.11% brand. By contrast, GlobalData says David’s Conjugal looks “stuffy and old-fashioned.”
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