David's Bridal files Chap. 11 Bankruptcy, to lay-off 90% of employees

[TheFugitive]

David's Bridal has filed for Chapter 11 bankruptcy protection.
According to this article they are looking to restructure and then find a buyer for the company.

https://www.cbsnews.com/news/davids-bridal-bankrupt-9000-layoffs/

They plan to lay off 9000 employees which is approximately 90% of their workforce.