David’s Bridal has announced plans to file for Chapter 11 bankruptcy. Bloomberg reports that the move will allow the chain of wedding-gown stores to stay in business while restructuring its debts and liabilities.
In a statement emailed to Bloomberg, the company said the move should not affect day-to-day operations.
"Our financial outlook is strong and we have ample liquidity to meet our key business objectives today and in the future," the company said in a statement emailed to Bloomberg. "We do not expect this process to materially impact our business or interfere with day-to-day operations or our relationships with customers and vendors. "
The company is expected to seek a court order that would allow it to stay open and fulfill all customer and vendor claims.
West Fargo is home to North Dakota’s only David’s Bridal store at 1500 13th Ave. E . The David’s Bridal in Bismarck closed Nov. 11.