David's Bridal may file for bankruptcy protection
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."