David's Bridal emerges from bankruptcy in under 2 months [MSN Money]
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Source: MSN Money
David's Bridal emerges from bankruptcy in under two months © Bloomberg America’s largt wedding gown retailer emerged from bankruptcy on Friday, just weeks after it first sought protection from creditors. Load Error David’s Bridal Inc. shrunk its debt load by about $50 million and is now owned by lders including Oaktree Capital Group. The company, which filed for bankruptcy in November, was looking to exit bankruptcy quickly to avoid scaring off brid that might fear Customers td to associate the word “bankruptcy” with a company’s liquidating and going away, not with its reducing debt while continuing to operate, Chief Executive Officer Scott Key said in an interview. “It’s important to maintain trust” with customers and employe that are involved with weddings, a time where brid are oft spding heavily and don’t want plans to be foiled. January is a critical time for compani like David’s Bridal, as people that get gaged over the holidays turn into wedding drs buyers. Cutting debt “fre ou
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