DAVID’S Bridal will keep 195 nationwide stores open after finding a buyer for its strapped business. The wedding retailer has already closed several stores since declaring Chapter 11 bankruptcy in April. David’s Bridal will live on thanks to a last-minute deal to save 195 stores David’s Bridal has been purchased by Scion Investment Corp in a no-cash transaction that was made public Monday, July 17. As a result, 195 nationwide stores have received a judge’s approval to stay open – a move likely to save thousands of jobs. The investment corporation has assumed all assets and liabilities from David’s Bridal. Since declaring Chapter 11 bankruptcy protection in April, the retail
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