TORONTO –
David’s Bridal, the most important wedding ceremony robe retailer in North America, has filed for chapter safety within the U.S. for the second time in 5 years.
An Ontario courtroom has acknowledged the U.S. case as the principle proceedings, and granted the retailer safety beneath the Firms’ Collectors Association Act for its Canadian operations.
The chain has about has about 300 shops and 11,000 employees throughout North America, together with a dozen shops and 500 workers in Canada.
David’s Bridal, which sells wedding ceremony attire and formal put on, has mentioned it may remove greater than 9,000 jobs within the coming months.
The retailer is seeking to promote the corporate however its shops stay open and it continues to fulfil on-line orders.
James Marcum, CEO of David’s Bridal, says the enterprise continues to be challenged by the post-COVID setting and unsure financial circumstances.
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With recordsdata from The Related Press. This report by The Canadian Press was first printed April 24, 2023