Bankrupt David’s Bridal Set to Be Sold to Investment Firm CION

CION Investment Corp. has struck a deal to acquire up to 195 David’s Bridal stores out of bankruptcy.

• The proposed sale disclosed in a Monday bankruptcy court filing means a portion of David’s stores might survive Chapter 11; the proposed purchase price couldn’t immediately be learned Tuesday
• David’s said Tuesday that “nothing is certain,” and that more work needs to be done before the proposed sale is completed
• The deal must be approved by a New Jersey bankruptcy judge overseeing David’s Chapter 11 case
• CION didn’t immediately return messages Tuesday seeking comment

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