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David's Bridal may file for bankruptcy protection

A photo of wedding dresses at David's Bridal in Los Angeles on West Pico Boulevard in Los Angeles
A David's Bridal boutique in Los Angeles. Photo: Anne Cusack/Los Angeles Times via Getty Images

David's Bridal is prepping a bankruptcy filing as it works to restructure around $760 million of debt related to its 2012 takeover by private equity firm Clayton Dubilier & Rice, according to Bloomberg.

The bottom line: This would be the latest in a recent string of PE-backed retail bankruptcies, but Bloomberg says there are "no plans for major store closures or liquidations."

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