David’s Bridal Inc. is making preparations for a bankruptcy filing if the retailer can’t reach an out-of-court deal with its creditors, according to people with knowledge of the matter.
The goal is to ease the chain’s debt load of about $760 million with a pre-negotiated restructuring plan either in or out of court, said the people, who asked not to be identified because the discussions are private. Either way, David’s has no plans for major store closures or liquidations, and the business would keep operating regardless of a court filing, the people said. . . . more