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C Street Advisory Group handles David’s Bridal as the wedding dress retailer files for its second bankruptcy in five years and fires more than 9,200 workers.
David’s Bridal, which boasts of being the “only omni-channel bridal retailer of scale in the U.S.” plans to keep its stores open as its searches for a buyer that can operate the business going forward.
The company blames inflation, increased online competition and the shift to more casual weddings among reasons for its latest financial downfall.
CEO James Marcum said David’s Bridal “has successfully modernized our marketing and customer interaction processes and driven our retail service levels to best in class.”
The company is determined to focus on the future because it believes it plays “an important role in ensuring that every bride, no matter her budget, can have her perfect dress.”
One in four of US brides buys her gown at David’s Bridal.
C Street Advisory Group’s Jackie Rubin handles David’s Bridal.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
