Home / Knowledge / News / Apparel/Garments / Equity firm CD&R acquires apparel retailer David's Bridal
Equity firm CD&R acquires apparel retailer David's Bridal
28
Aug '12
Clayton, Dubilier & Rice (CD&R) announced a definitive agreement to acquire David's Bridal, Inc., the leading specialty retailer of bridal gown and wedding-related apparel and accessories in North America. Leonard Green & Partners will continue as a minority partner.  The transaction values the company at approximately $1.05 billion. Additional terms of the transaction were not disclosed.

David's Bridal stores provide an unparalleled assortment of designer wedding gowns, special occasion dresses and accessories at affordable prices.  Known for outstanding value, fashionable designs and the ease of one-stop shopping, David's Bridal designs, produces and sells a wide selection of styles and sizes through a network of over 300 US and 5 Canadian stores. 

In addition, David's Bridal is the industry's leading wedding website.  David's Bridal's exclusive partnership with Vera Wang, under the brand White by Vera Wang, has successfully increased the company's designer offerings, which include Oleg Cassini, Galina Signature, Galina, David's Bridal Collection and DB Studio. The company also has exclusive vendor partnerships through which it offers additional wedding-related services.

"David's Bridal is a unique and well-positioned specialty retailer competing in a large and stable industry," said Richard J. Schnall, a Partner at CD&R. "We look forward to working closely with the company to build on its market leadership and scale advantages to grow in new market segments, channels, and geographies."

"The CD&R team has a reputation for operational excellence and we welcome their ownership as we accelerate our growth strategies for the company and continue our commitment to providing the highest levels of style, quality and value to our customers," said Robert D. Huth, President and CEO of David's Bridal. "We are also pleased that Leonard Green will continue to be an investor."

"The company's strong brand awareness, exceptional service quality, deep product knowledge, and high performance levels are unmatched in the bridal customer segment and that is why we are so excited about the transaction," said CD&R Partner Kenneth A. Giuriceo.

CD&R Operating Partner Paul Pressler, former CEO of the GAP and former senior Disney executive, will assume the role of Chairman at the close of the transaction, expected in the fourth quarter.

Bank of America Merrill Lynch, Barclays, Goldman Sachs Bank USA, and Morgan Stanley have committed to providing debt financing for the transaction. Debevoise & Plimpton LLP acted as legal advisor to CD&R. Bank of America Merrill Lynch and Barclays acted as financial advisors and Latham & Watkins LLP acted as legal advisor to David's Bridal. 

Clayton, Dubilier & Rice (CD&R)


Must ReadView All

Egypt’s textile exports increase 3% in 10 months: TEC

Textiles | On 21st Nov 2017

Egypt’s textile exports increase 3% in 10 months: TEC

Exports by Egypt’s Textile Export Council (TEC) between January and...

UKFT turns sector skills body for UK fashion, textile sector

Textiles | On 21st Nov 2017

UKFT turns sector skills body for UK fashion, textile sector

The UK Fashion & Textile Association (UKFT) recently announced at a...

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search