David’s Bridal files for Chapter 11 bankruptcy protection, plans to stay in business. The wedding retailer is saddled with hundreds of millions of dollars in debt from a private-equity buyout several years ago and has faced a surge of digital competition. David's Bridal assured customers that its bankruptcy would not disrupt their weddings — in part because it secured support from key lenders for it to stay in business. Ref. USAToday.
Good business are losing lots to online merchandise but you would think that something as important as a wedding dress will want to be purchased locally for fitting, etc.
International Level: New Activist / Political Participation: 14 1.4%