When Saying "Yes to the Dress" Goes Wrong
After being in business for 80 years, bridal retailer, Alfred Angelo, filed a Chapter 7 Bankruptcy and closed the doors to their 60 U.S. locations. The company is in the works of liquidating their assets, meaning that the company must cease operations and sell as many assets as it can; the company uses the cash to repayment and, if possible, shareholders. Now in the world of business this is one of the outcomes. But on a personal, consumer level, this puts many in a compromising situation. Many brides and bridal parties are left scrambling to find new bride and bridesmaid gowns. Imagine having a wedding within a few days and showing up to the showroom to do a final fitting or to even pick up your wedding gown to find a note on the door.
All of the stores posted “closed” signs, directing customers to contact Stearns, Weaver via email at predmond@stearnsweaver.com for more information.
The company released a statement saying that they will continue to fulfill and ship out any orders that have been paid for, but what about the ones who are in need of their gowns immediately. I guess their S.O.L. (shit out of luck). But one man's downfall is another man's come up. In the midst of Angelo's closing, retailer David’s Bridal said it will offer a 30 percent discounts on replacement wedding gowns to those with an Alfred Angelo receipt and 20 percent discounts for bridesmaid dresses. It also said it is waiving rush fees on alterations for those with wedding dates around the corner.