David’s Bridal Will Close All Stores in Chapter 11 Unless Buyer Emerges: America’s largest bridal retailer files for bankruptcy to continue marketing itself for sale.
David’s Bridal Files for Bankruptcy for Second Time in Five Years - The New York Times: The wedding dress retailer, which has some 300 locations, said it “intends to continue exploring a sale of all or some of its assets.”
Lazard Adds Two Restructuring Heads as Corporate Distress Grows: Lazard Ltd. is adding two new co-heads to its restructuring and capital solutions group as the investment bank grows its team during a time of increased financial turmoil.
Justices Decline to Review Bankruptcy Purview Over Non-US Assets: The US Supreme Court declined to review US bankruptcy courts’ jurisdictional limits over foreign parties, leaving in place an Illinois bankruptcy judge’s refusal to weigh in on a debtor’s Irish property claims.
