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David’s Bridal Lives On

Court-approved sale to CION keeps almost 200 stores open.




David’s Bridal Lives On
PHOTOGRAPHY: Courtesy of David’s Bridal

David’s Bridal (Conshohocken, Pa.) has been sold to CION Investment Corp. (New York), a move that will allow the chain to keep most of its stores and employees, Women’s Wear Daily reports. The no-cash transaction was approved July 14 in a Trenton, N.J., court hearing overseen by U.S. Bankruptcy Judge Christine Gravelle.

After experiencing a falloff in business during the pandemic, David’s Bridal began shopping for a buyer in February and filed for bankruptcy in April – its second trip into Chapter 11 in five years. The alliance with CION will enable David’s Bridal to keep 195 stores open and between 7000 to 10,000 employees on the payroll, WWD reports. The sale also reportedly decreased the chain’s debt from $256.9 million to roughly $50 million.



When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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