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)
Apparel/Garments | On 20th Mar 2019
The US International Trade Commission is seeking inputs on a new...
Textiles | On 20th Mar 2019
Uzbekistan and the United Arab Emirates (UAE) have agreed to increase ...
Textiles | On 20th Mar 2019
While traditional enterprise resource planning (ERP) was enterprise...
Palod Himson Machines
Fabric processing machines are picking up
Indian fashion market is growing at a staggering rate
Md Hanifur Rahman
The level of understanding the job role and organisational requirements...
J Korin started as a partnership firm with four powerlooms in the textiles ...
Conceived in Europe and curated in New Delhi, NeceSera is a...
Aizome, Asia's first Fairtrade denim brand, is all set to launch next...
INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...
European School of Business & innovation
Cutting-edge ideas like the Internet of Things and artificial intelligence ...
Pierre Wiertz talks about the vast world of sustainable nonwovens and...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
<div>Delhi-based Gritstones Clothing offers quality and exemplary style...
The Woolmark Company has partnered with handmade fashion label Péro and...