CEO James Marcum told WWD the bridal retailer still has brides covered for their big days and discussed the company’s Chapter 11 filing.
The 70-year-old chain has some experience delivering through tough times and the CEO said the company has “never missed a dress” through COVID-19 despite factory shutdowns, shipping back-ups in the Suez Canal and the rest of it.
While the firm’s 2018 bankruptcy was tied to a mountain of debt following a private equity buyout — the court took $434 million in debt off its books in that process — this week’s process was more of an echo of the pandemic, the CEO said. Along the way, the company developed what Marcum described as “a complicated capital structure” as it took on more debts to navigate the landscape.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The New Museum Pays Tribute to the ‘High Priestess of Art’See photos of Judy Chicago, Aurora James, Stephanie Horton, and more.
Leer más »
Netflix Co-CEO Ted Sarandos: “Driving Folks to a Theater Is Just Not Our Business”The exec says the streamer is happy with its current model of making movies for its subscribers and that it doesn't intend to follow Amazon and Apple in embracing a traditional theatrical model.
Leer más »
‘Succession’ Season 4: Who Is the Best Choice To Be Waystar Royco’s CEO?Kendall might have been on that piece of paper, but which Roy is actually the best choice for Waystar CEO? Succession
Leer más »
ComEd 4 trial: Former ComEd CEO Anne Pramaggiore defends actions in bribery case; Hooker testifiesThe former CEO struggled to explain how it was that she did not know ComEd was paying four of Michael Madigan's associates for no-work jobs.
Leer más »
David's Bridal CEO talks exclusively with Action News after company files for Chapter 11Action News consumer reporter Nydia Han did ask David's Bridal CEO some hard questions, namely how can customers have confidence in a company that is filing for bankruptcy for the second time in five years?
Leer más »
Prosecutors question ex-ComEd CEO on her knowledge about do-nothing subcontractorsAnother of the four defendants in the ComEd bribery case is also taking the witness stand in his own defense.
Leer más »